Hannibal, MO – The Aust Group is pleased to announce the acquisition of our client, Reliable Pest Solutions (Reliable), to PestCo Holdings, LLC (PestCo), a Thompson Street Capital Partners (TSCP) portfolio company.
Formed by John R. Scholes in 1938, Reliable is a fourth-generation business that has become a premier pest control provider to commercial and residential clients throughout the tri-state area of Missouri, Illinois, and Iowa. During the current leadership of owner Mike Scholes, Reliable has grown to a staff of over 30 full-time employees with multiple office locations. Reliable now joins PestCo’s Midwest operation alongside Pointe Pest Control, Bel-O Pest Solutions, and Mick’s Exterminating.
Mike Scholes, owner of Reliable, said, “We cannot say enough great things about our experience working with The Aust Group. We knew from the start that they cared about our interests, and we had full confidence in their abilities. We were most amazed at the excellence they demonstrated in everything they produced, from the presentation of our company to negotiating the final terms of the sale. They walked diligently with us through every step of the process. They showed professionalism and sensitivity to our needs, given the emotional nature of the process. We highly recommend The Aust Group to any pest control company looking to sell.”
Stuart Aust, Principal of The Aust Group said, “We are pleased to announce the news on the acquisition of our client, Reliable Pest Solutions, to PestCo. We enjoyed working alongside Mike and his wife Carol on the sale of their business. It was a pleasure getting to know them through this process and complete this acquisition with the PestCo team as they continue to grow their Midwest operation.”
The Aust Group represented Reliable Pest Solutions as the exclusive financial advisor on the transaction. The transaction closed on December 1st, 2022, and the terms of the transaction were not disclosed.
The Law Offices of Mark H. Ruff, P.A. represented Reliable as legal counsel.
