The William Blair/PCO M&A Specialists Pest Index is a proprietary index of the month-to-month gross sales for 140 completely different U.S. pest management corporations throughout 30 states. For March 2022, the full U.S. pest index elevated 13.3 p.c year-over-year, which is down from the high-teens progress noticed during the last six months.
On a sequential foundation (from February 2022 to March 2022), the index elevated by 18 p.c, according to regular seasonal tendencies. As anticipated, the index decelerated in March on account of tougher comparisons with final yr. This index consists of recurring and nonrecurring income for residential pest, business pest and termite. It doesn’t embrace residential door-to-door corporations.
“Based mostly on our conversations with privately held corporations, we imagine the power is because of a mix of upper pricing, improved buyer retention and a step-up in new buyer accounts final yr,” stated William Blair Fairness Researcher Tim Mulrooney. “The 2-year compound annual progress fee in March 2022 was 16 p.c, pushed by elevated market penetration charges during the last two years.”
PCO M&A Specialists/PCO Bookkeepers Managing Member Dan Gordon, CPA, added, “We are extraordinarily happy with the index, which now we have been reporting on since August 2020, and has been again examined to August of 2017. Its correlation to the quarterly progress numbers reported by the publicly traded pest corporations is very predictive and intensely helpful to analysts and business contributors.” Gordon can also be Pest Administration Skilled journal’s monetary columnist.
March’s efficiency was pushed by robust year-over-year progress throughout all 4 subindices (residential, business, termite and mattress bug).
The Residential Pest Index elevated 16 p.c year-over-year and 17 p.c on a sequential foundation. The Business Pest Index elevated 14 p.c year-over-year and 11 p.c on a sequential foundation. The Wooden Destroying (Termite) Index elevated 7 p.c year-over-year and 32 p.c on a sequential foundation. The Mattress Bug Index elevated 16 p.c year-over-year and 30 p.c on a sequential foundation.
View the total report and the archive of previous experiences at SellMyPCOBusiness.com.