Rollins, Inc. Acquisition Expands Northwest Exterminating into South Florida
Rollins, Inc. (NYSE: ROL) announced the acquisition of seven branches in Southeast and Southwest Florida from Hulett Environmental Services. This deal marks an expansion for Northwest Exterminating, one of Rollins' subsidiaries, into South Florida as part of their strategy to enhance customer service capabilities.
Tim Hulett expressed satisfaction with the deal, emphasizing a balance between business operations and family time. The branches will undergo rebranding in 2022, further integrating into Northwest Exterminating's operations.
- Acquisition of seven branches strengthens Rollins' presence in South Florida.
- Strategic integration of Hulett's operations supports expansion efforts.
- None.
ATLANTA, Dec. 13, 2021 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL), a premier global consumer and commercial service company announced today that it recently completed the purchase of seven branches in Southeast and Southwest Florida from Hulett Environmental Services, Inc. Based in West Palm Beach, Hulett retained its core operations and will continue to serve communities from Palm Beach County to Vero Beach.
This expansion into South Florida will be an acquisition under Northwest Exterminating. Commenting on this matter, Tim Hulett said "I was pleased to team up with Northwest Exterminating to achieve my goals. While this was a difficult decision, this transaction allows me to balance the demands of continuing to lead Hulett with my strong desire to spend more time with my family." The purchased branches will be rebranded during 2022 and become part of Northwest Exterminating's southeastern platform business led by Stanford Phillips and his exceptional team.
"Our strategy of connecting with leading companies like Hulett to create a future that is good for customers, teammates, and their families, continues to be the foundation of our acquisition success. Liz and Tim Hulett have built an exceptional family pest control business, and we are thankful that they chose to work with us to achieve all of their goals," said Stanford Phillips, Co-President of Northwest Exterminating.
Kemp Anderson Consulting acted as the exclusive financial advisor to Hulett.
About Rollins, Inc.
Rollins, Inc. is a premier global consumer and commercial services company. Through its family of leading brands, including Orkin, HomeTeam Pest Defense, Clark Pest Control, Northwest Exterminating, McCall Service, Trutech, Critter Control, Western Pest Services, Waltham Services, OPC Pest Services, The Industrial Fumigant Company, PermaTreat, Crane Pest Control, Missquito, Orkin Canada, Orkin Australia, Safeguard (UK), Aardwolf Pestkare (Singapore), and more, the Company provides essential pest control services and protection against termite damage, rodents and insects to more than two million customers in North America, South America, Europe, Asia, Africa, and Australia from more than 700 locations. You can learn more about Rollins and its subsidiaries by visiting our web sites at www.orkin.com, www.pestdefense.com, www.clarkpest.com, www.orkincanada.ca, www.westernpest.com, www.callnorthwest.com, www.mccallservice.com, www.crittercontrol.com, www.indfumco.com, www.trutechinc.com, www.orkinau.com, www.walthamservices.com, www.opcpest.com, www.permatreat.com, www.safeguardpestcontrol.co.uk, www.aardwolfpestkare.com, www.cranepestcontrol.com, www.missquito.com and www.rollins.com.You can also find this and other news releases at www.rollins.com by accessing the news releases button.
Caution Regarding Forward-Looking Statements
This press release may contain or incorporate by reference information that includes or is based on forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company's future rebranding and its acquisition strategy success. Forward-looking statements give expectations or forecasts of future events and can be identified by the fact that they relate to future actions, performance or results rather than strictly to historical or current facts.
Any or all forward-looking statements may turn out to be wrong, and, accordingly, you are cautioned not to place undue reliance on such statements, which speak only as of the date of this press release. Forward-looking statements involve a number of risks and uncertainties that are difficult to predict and are not guarantees of future performance. Among the general factors that could cause actual results to differ materially from those indicated by the forward-looking statements are those factors listed in periodic reports filed by Rollins with the Securities and Exchange Commission ("SEC"), including those factors discussed under Item 1.A., "Risk Factors" of Part I of the Company's Annual Report on Form 10-K, filed with the SEC for the year ended December 31, 2020, which factors include, but are not limited to, the Company's plans regarding future acquisitions and franchise expansions, including our belief that acquisitions have been and may continue to be an important element of our business strategy.
No assurances can be given that the results and financial condition contemplated in any forward-looking statements will be achieved or will be achieved in any particular timetable. Rollins assumes no obligation to publicly correct or update any forward-looking statements as a result of events or developments subsequent to the date of this press release. You are advised, however, to consult any further disclosures Rollins makes on related subjects in its filings with the SEC.
For Further Information Contact
Julie Bimmerman (404) 888-2103
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SOURCE Rollins, Inc.
FAQ
What is the significance of Rollins' acquisition of Hulett Environmental Services?
How will the recent acquisition impact Rollins' business strategy?
When will the rebranding of the acquired Hulett branches take place?
Who retained operations after the acquisition by Rollins?
