Acquiring Company
CenterOak Partners
Acquired Company
PestNow
FinanceAngel InvestmentVenture Capital
Description
CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced its portfolio company Palmetto Exterminators has acquired PestNow and formed Entomo Brands (the “Company”). Entomo Brands manages multiple insect-related service companies operating under well-established regional and local brands. The Company will maintain its corporate headquarters in Charleston, South Carolina and Palmetto Exterminators CEO Brian Butler will serve as CEO of the combined business. PestNow and Palmetto Exterminators will retain their existing trade names and continue to serve customers across the Southeast and Mid-Atlantic regions. Terms of the transaction were not disclosed.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed