ST. LOUIS--(BUSINESS WIRE)--Thompson Street Capital Partners (“TSCP”), a private equity firm based in St. Louis, MO, today announced the acquisition of Pointe Pest Control - ID, LLC and Pointe Pest Control - OR, LLC (collectively, “Pointe Pacific Northwest”) by PestCo Holdings, LLC (“PestCo”), a TSCP portfolio company. Pointe Pacific Northwest, operating throughout Idaho, Oregon, Washington and Montana, is a leading provider of residential and commercial pest control services.
PestCo’s acquisition of Pointe Pacific Northwest comes one year after its acquisition of Pointe Illinois and Green Pest Services (closed February 2022). Pointe Pacific Northwest was founded by Jacob Borg and Pointe Illinois was founded by his brother Jared Borg and his business partner Kyle Woodbury, with the two companies historically operating separately with no affiliation other than their namesake. Now, with the backing of PestCo’s team and resources, Pointe Pacific Northwest and Pointe Illinois are poised for accelerated growth through the unification of the two brothers’ businesses. Terms of the transaction were not disclosed.
This is the tenth investment for PestCo, an acquisition company formed to consolidate the highly fragmented pest control industry.
“Pointe Pacific Northwest is a well-known brand in the industry with an excellent track record of growth and expertise in residential pest control,” said Jay Keating, CEO of PestCo, “We are thrilled to partner with Jacob Borg and Gabe Chariton as we continue to grow PestCo and enter the Northwest United States.”
David LeResche, President and COO of PestCo, commented, “In addition to a leading brand, Jacob and Gabe have built a top-tier team. We look forward to welcoming that talented team into our rapidly expanding national pest control platform.”
Jacob Borg, Co-Owner & Founder of Pointe Pacific Northwest, said, "Pointe's growth and success has been a result of our incredibly dedicated employees and loyal customers. We are excited about the next chapter with PestCo and TSCP as we continue to offer quality service, expand our growth prospects, and provide further opportunities for our team. Combining the Pointe brands and working with my brother and his teams will only enhance the Pointe experience."
Gabe Chariton, Co-Owner of Pointe Pacific Northwest, added, “We are thrilled to partner with PestCo and TSCP to drive continued growth while further enabling our team to provide excellent service to our customers.”
“We are excited to unite the two Pointe brands with our current ownership of Pointe Illinois in the Midwest while expanding PestCo’s footprint in a meaningful way into the Pacific Northwest,” said Jeff Aiello, Managing Director, TSCP.
Paul Giannamore and Franco Villanueva-Meyer of The Potomac Company represented and acted as the exclusive financial advisors to Pointe Pest Control in this transaction.
About Thompson Street Capital Partners
Thompson Street Capital Partners (TSCP) is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses. We have acquired more than 150 companies in the Healthcare & Life Science Services, Software & Technology Services and Business Services & Engineered Products sectors and have managed more than $3.6 billion since being founded in 2000. TSCP partners with management teams to increase value by accelerating growth, both organically and via complementary acquisitions.