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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 November 2021, the full U.S. pest index elevated 19.2 % year-over-year.
This marks a transparent acceleration from the midteens-type progress noticed over the earlier three months. On a sequential foundation from October 2021 to November 2021, the index decreased 8.4 % year-over-year, which is a typical outcome for the month of November.
“The full pest index accelerated materially from the expansion noticed over the past three months (midteens year-over-year progress in August, September and October),” mentioned William Blair Fairness Researcher Tim Mulrooney. The efficiency in November was pushed by an acceleration throughout all 4 sub-indices (residential, business, termite, and mattress bug).
The Residential Pest Index elevated 21.3 % year-over-year and declined 4.1 % on a sequential foundation. The robust progress in November residential pest index could also be partly defined by hotter temperatures throughout a lot of the northern United States.
“Nonetheless, with eight months in a row of above-average progress within the residential index, we consider different secular elements might also be at play,” Mulrooney mentioned within the information launch, providing growing market penetration for instance. “The 2-year compound annual progress fee for the residential pest index was 15 % in November, above the long-term historic common development of 12 % progress.”
The Industrial Pest Index elevated 15.3 % year-over-year and declined 5.2 % on a sequential foundation. This marks an acceleration from October and September, which was anticipated given simpler comparisons.
“Nonetheless, the lead to November was surprisingly robust,” Mulrooney mentioned. “The 15 % enhance in November is nicely above the three-year historic common month-to-month progress fee of 8 %.”
The Wooden Destroying (Termite) Index elevated 15.7 % year-over-year and declined 3.1 % on a sequential foundation. The Mattress Bug Index elevated 12.8 % year-over-year and declined 9 % on a sequential foundation.
View the complete November report and the archive of previous stories at SellMyPCOBusiness.com, a web based useful resource that’s maintained by Pest Administration Skilled journal’s monetary columnist, Dan Gordon, CPA, and his group.
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