PCO M&A Specialists, the Newton, NJ-based consulting firm led by Pest Management Professional financial columnist Dan Gordon, CPA, and global banking and wealth management firm William Blair released their May 2021 results for tracking their U.S. Pest Management Index . The index rose 16 percent in May, outperforming the historical average monthly growth trend.
According to a press release, the U.S. total pest index rose 16.2 percent year-on-year in May, a slowdown from April (up 21 percent) mainly due to an easier comparison with the April 2020 commercial pest index base, the index declined 2 from April 2021 Percent. The index typically shows a sequential increase in May (3 percent in May 2020 and 4 percent in May 2019).
“The year-over-year growth of 16 percent in May remains well above the long-term historical average monthly growth trend of 8 to 9 percent,” said Tim Mulrooney, equity researcher at William Blair, in the press release.
The Residential Pest Index rose 16.9 percent year over year and declined 0.5 percent sequentially. The Commercial Pest Index rose 22.7 percent year over year and declined 0.2 percent sequentially. The Wood Destroying (Termite) Index rose 8.4 percent year over year and declined 8.9 percent sequentially. The bed bug index declined 3.1 percent year-over-year and 0.5 percent sequentially.
The index, available on SellMyPCOBusiness.com, debuted on September 29, 2020 with data as of August 2020. As a joint venture between PCO M&A Specialists and William Blair, it tracks the monthly performance of 140 private pest control companies in 30 states with combined annual sales of $ 320 million in 2019. Check out the full May report and archive of past reports at SellMyPCOBusiness.com.