
This report has been prepared by STOC Advisory, LLC for informational and discussion purposes only. It is based on proprietary research, data analysis, third-party sources believed to be reliable, and data available as of the date of preparation. While reasonable care has been taken in its preparation, STOC Advisory makes no representation or warranty, express or implied, as to the accuracy, completeness, or future reliability of any data, estimates, assumptions, or conclusions contained herein.
The views and findings in this report are intended to support strategic evaluation and do not constitute investment, legal, tax, accounting, or other professional advice, nor a recommendation to pursue or decline any transaction or course of action. Forward-looking statements and market views are inherently subject to uncertainty and may be affected by changes in market conditions, competitive dynamics, regulatory developments, data quality, and other factors beyond STOC Advisory’s control.
This report pairs external industry research with STOC Advisory’s location-level analysis. The proprietary analysis supports market selection and target research; it does not replace company-level financial, legal, or operational diligence, and it is not a complete legal-entity census of the industry. Recipients are expected to apply independent judgment and conduct their own diligence. This work may not be published, reproduced, or distributed without the explicit written permission of STOC Advisory.
Individual independent acquisition targets remain anonymized in this report. Institutional buyers and platforms, including public strategic chains, PE-backed platforms, family-owned or private consolidators, and franchise / licensed networks, are named where supported by public sources. Named institutional groups are labeled Verified or Reported based on source status. All 45 named platform, chain, and franchise groups are linked to public sources. Ownership of individual independent targets is not verified; records with unresolved ownership are excluded from ownership shares. Ownership categories and location counts are used as consolidation context throughout, and distances are straight-line miles rather than drive time or service-territory overlap.
Any regulatory discussion is intended as a strategic screening overlay only and does not constitute legal advice; state-specific pesticide-applicator licensing, insurance, employment, and transaction counsel should be consulted before any acquisition, entity structuring, licensing, or compliance decision.




| Parent / Network | Sponsor / Owner | Category | Obs. Loc. | Source |
|---|---|---|---|---|
| Rollins Inc. (Orkin) | Public, NYSE: ROL | Public | 732 | Rollins IR |
| Rentokil / Terminix | Public, LSE/NYSE: RTO | Public | 130 | Rentokil PR |
| Aptive Environmental | Citation Capital | PE-Backed | 221 | PCT Magazine |
| Greenix Pest Control | Gridiron Capital | PE-Backed | 82 | Gridiron Capital |
| Anticimex USA | EQT AB | PE-Backed | 76 | EQT portfolio |
| Hawx Pest Control | PCM Growth | PE-Backed | 68 | PR Newswire |
| PestCo Holdings | Thompson Street Capital | PE-Backed | 62 | Thompson Street |
| Certus Pest Control | Imperial Capital / Liberty Mutual | PE-Backed | 30 | Imperial Capital |
| Acquirer | Sponsor / Parent | Activity | In Observed Universe |
|---|---|---|---|
| Rollins / Orkin | Public (NYSE: ROL) | Active strategic acquirer; acquired Fox Pest Control for $350M in 2023 | In observed universe |
| Anticimex | EQT AB | Global roll-up with 76 STOC-observed U.S. locations; acquisition-led under EQT | In observed universe |
| Senske Services | GTCR | GTCR investment supporting growth of a lawn care and pest-control platform | Not in observed universe |
| Certus Pest Control | Imperial Capital / Liberty Mutual | New capital to accelerate acquisitions in existing and new markets (2024) | In observed universe |
| AXN Growth Partners | Shore Capital Partners | 2023 platform built on ACTION Termite and Pest Control; anchor for Shore's roll-up | In observed universe |
| Rockit Pest | Halle Capital | Southeast roll-up; acquired Home Pest Control (2024) | In observed universe |


| State | Independent vs Consolidated | Independent | Consolidated | Consol. Share | Runway | |
|---|---|---|---|---|---|---|
| 1 | California | 1,968 | 163 | 7.6% | 92.4% | |
| 2 | Florida | 1,752 | 311 | 15.1% | 84.9% | |
| 3 | Texas | 1,403 | 206 | 12.8% | 87.2% | |
| 4 | New York | 808 | 68 | 7.8% | 92.2% | |
| 5 | Georgia | 594 | 188 | 24.0% | 76.0% | |
| 6 | North Carolina | 566 | 174 | 23.5% | 76.5% | |
| 7 | New Jersey | 542 | 132 | 19.6% | 80.4% | |
| 8 | Ohio | 524 | 102 | 16.3% | 83.7% | |
| 9 | Arizona | 499 | 59 | 10.6% | 89.4% | |
| 10 | Pennsylvania | 491 | 101 | 17.1% | 82.9% | |
| 11 | South Carolina | 456 | 116 | 20.3% | 79.7% | |
| 12 | Tennessee | 448 | 121 | 21.3% | 78.7% | |
| 13 | Illinois | 419 | 117 | 21.8% | 78.2% | |
| 14 | Michigan | 417 | 76 | 15.4% | 84.6% | |
| 15 | Virginia | 408 | 93 | 18.6% | 81.4% | |
| 16 | Missouri | 338 | 43 | 11.3% | 88.7% | |
| 17 | Oklahoma | 328 | 37 | 10.1% | 89.9% | |
| 18 | Massachusetts | 326 | 55 | 14.4% | 85.6% | |
| 19 | Washington | 326 | 56 | 14.7% | 85.3% | |
| 20 | Indiana | 307 | 68 | 18.1% | 81.9% | |
| 21 | Alabama | 301 | 88 | 22.6% | 77.4% | |
| 22 | Maryland | 294 | 62 | 17.4% | 82.6% | |
| 23 | Wisconsin | 271 | 59 | 17.9% | 82.1% | |
| 24 | Oregon | 267 | 31 | 10.4% | 89.6% | |
| 25 | Utah | 257 | 37 | 12.6% | 87.4% | |
| 26 | Colorado | 228 | 48 | 17.4% | 82.6% | |
| 27 | Idaho | 201 | 23 | 10.3% | 89.7% | |
| 28 | Kansas | 181 | 34 | 15.8% | 84.2% | |
| 29 | Louisiana | 181 | 52 | 22.3% | 77.7% | |
| 30 | Arkansas | 173 | 18 | 9.4% | 90.6% | |
| 31 | Kentucky | 163 | 37 | 18.5% | 81.5% | |
| 32 | Mississippi | 156 | 31 | 16.6% | 83.4% | |
| 33 | Iowa | 152 | 30 | 16.5% | 83.5% | |
| 34 | Minnesota | 147 | 40 | 21.4% | 78.6% | |
| 35 | Nevada | 146 | 17 | 10.4% | 89.6% | |
| 36 | Connecticut | 144 | 28 | 16.3% | 83.7% | |
| 37 | Nebraska | 97 | 16 | 14.2% | 85.8% | |
| 38 | New Mexico | 96 | 15 | 13.5% | 86.5% | |
| 39 | Maine | 92 | 8 | 8.0% | 92.0% | |
| 40 | New Hampshire | 77 | 14 | 15.4% | 84.6% | |
| 41 | West Virginia | 60 | 9 | 13.0% | 87.0% | |
| 42 | Hawaii | 57 | 4 | 6.6% | 93.4% | |
| 43 | Montana | 48 | 5 | 9.4% | 90.6% | |
| 44 | Delaware | 41 | 11 | 21.2% | 78.8% | |
| 45 | Rhode Island | 40 | 6 | 13.0% | 87.0% | |
| 46 | South Dakota | 31 | 9 | 22.5% | 77.5% | |
| 47 | District of Columbia | 29 | 0 | 0.0% | 100.0% | |
| 48 | North Dakota | 24 | 3 | 11.1% | 88.9% | |
| 49 | Vermont | 19 | 2 | 9.5% | 90.5% | |
| 50 | Wyoming | 17 | 2 | 10.5% | 89.5% | |
| U.S. total | 16,910 | 3,025 | 15.2% | 84.8% |


| Service Signal | Total | Independent | Consolidated |
|---|---|---|---|
| Mosquito | 1,490 | 651 | 839 |
| Termite | 1,864 | 1,731 | 133 |
| Lawn / turf | 948 | 711 | 237 |
| Wildlife | 797 | 761 | 36 |
| Bed bug | 394 | 394 | 0 |
| Rodent | 381 | 374 | 7 |
| Fumigation | 41 | 41 | 0 |
| Captured | Coverage and Use |
|---|---|
| Review volume and rating | 15,182 independents with review data; 3,706 carry 100+ reviews; median rating 5.0. A read on local brand strength before any call. |
| Digital contact coverage | 6,958 independents carry complete contact coverage, 5,689 near-complete, 4,263 limited. Orders outreach by who can be reached now. |
| Category adjacency | 500 independents also list lawn care, 132 home inspection, 58 wildlife rescue. Cross-sell surface visible before first contact. |
| Commercial orientation | 273 independents flagged commercially oriented, a B2B and compliance-revenue screen inside a residential-heavy universe. |
| Operator scale and proximity | 16,910 locations resolved into 13,794 operators (1,449 multi-location); median distance to the nearest competitor runs 0.77 mi urban to 3.96 mi rural. |


| Topic | Methodology note |
|---|---|
| Exhibit denominators | Each exhibit uses the denominator stated on the page. Ownership comparisons use the 19,935 records with an identified ownership type. Supply and ZIP analyses use included observed records. Distance analyses use records with usable coordinates. |
| Independent locations and operators | Kept separate from platform / chain / network context so independent supply depth is evaluated on its own. Individual independent operators are anonymized throughout. |
| Ownership verification framework | Named institutional groups (public chains, PE-backed platforms, family / private consolidators, franchise networks, and the founder-owned network) are classified from public sources and marked Verified (primary source: sponsor, company, press release, or SEC filing) or Reported (credible secondary source such as trade press). Each named group carries a source link and source date where available, plus a verification status; all rows were last cross-checked in August 2026. Ownership of individual independent operators is not verified; they are anonymized and excluded from named claims. |
| Observed vs. known universe | The 45 named groups reflect STOC’s observed-location universe, not a complete buyer census. Active acquirers with little or no observed footprint (for example Senske Services, backed by GTCR) are tracked on a separate watchlist and are not counted in the 45. |
| Observed operator groups | National operator-group totals use the source-provided operator-size field. The operator-group identifier is not available for geographic reporting, so distinct operator-group counts are not reported by state or CBSA. Metro-level Buyer Groups counts refer to the 45 named parent / network groups, which are reported geographically. |
| Operator segments | The independent base is grouped into three mutually exclusive operator segments by operator scale, specialty signal, and public-profile coverage; each independent location appears in exactly one segment. |
| Established Add-On Markets | CBSAs with at least 100 independent locations, at least 10% network share, and at least 10 observed parent companies or networks. The five market groups are assigned sequentially: Established Add-On (100+ independents, 10%+ network share, 10+ parent groups); Large Independent / Low Network (100+ independents, share below 10%); High Network Presence (50+ independents, share 20%+); Mid-Sized Independent (remaining 50+); Smaller Observed (all others). 22 + 7 = 29 priority metros. |
| Provider-density and proximity | Straight-line proximity between observed provider locations, used as a market-screening lens. It does not measure customer routes, drive times, technician territories, or integration economics. |
| Visible supply-gap signal | Higher-population ZIPs containing only one or two observed provider locations. Validation candidates, not confirmed unmet-demand or zero-provider markets. ZIP population is a local density proxy supplied in the source dataset. |
| Visible service-line signals | Termite, mosquito, wildlife, rodent, and bed bug indicators reflect visible profile and category signals rather than confirmed service revenue mix. |
| Digital-presence tiers | Source-provided relative classifications indicating public-profile coverage. They support research prioritization and do not represent owner or direct-contact availability, revenue, quality, or willingness to sell. |
| Runway metric | Runway = independent share of classified locations in a geography (100% minus network share). Consolidated and network are used interchangeably for locations inside the 45 named platform, chain, and franchise groups. It measures ownership headroom only; it does not measure demand, pricing, or operator quality. |
| State and metro tables | State rows use all classified records with a state assignment and reconcile to 16,910 independent and 3,025 network locations. Metro rows use CBSA-coded records; totals are whole-metro counts, multi-state metros appear under each member state, and 152 classified records without a metro code appear in state totals only. |
| Interactive exhibits | The web edition of this report provides state-level metro breakdowns from the National Supply Map and column sorting on the State Opportunity Table. The printed edition presents all exhibits at the state level. |
| Geography treatment | State and regional views use records with state assignments; CBSA views use CBSA-coded records; ZIP screens use ZIP-coded records. Four regions are used: Northeast, Midwest, South, and West. Distances are great-circle miles. |

| Parent / Network | Sponsor / Owner | Category | Obs. Loc. | Source | Source Date | Status |
|---|---|---|---|---|---|---|
| Rollins Inc. (Orkin) | Public, NYSE: ROL | Public | 732 | Rollins IR | Aug 2026 | Verified |
| Rentokil / Terminix | Public, LSE/NYSE: RTO | Public | 130 | Rentokil PR | Oct 2022 | Verified |
| Ecolab Pest Elimination | Public, NYSE: ECL | Public | 2 | Ecolab | Aug 2026 | Verified |
| Aptive Environmental | Citation Capital | PE-Backed | 221 | PCT Magazine | Sep 2024 | Reported |
| Greenix Pest Control | Gridiron Capital | PE-Backed | 82 | Gridiron Capital | 2025 | Verified |
| Anticimex USA | EQT AB | PE-Backed | 76 | EQT portfolio | 2026 | Verified |
| Hawx Pest Control | PCM Growth | PE-Backed | 68 | PR Newswire | Jul 2021 | Verified |
| PestCo Holdings | Thompson Street Capital | PE-Backed | 62 | Thompson Street | 2026 | Verified |
| Lookout Pest Control | Percheron Capital | PE-Backed | 31 | Percheron Capital | 2023 | Verified |
| Certus Pest Control | Imperial Capital / Liberty Mutual | PE-Backed | 30 | Imperial Capital | 2024 | Verified |
| Alta Pest Control | Trivest Partners | PE-Backed | 17 | Trivest Partners | 2024 | Verified |
| PestNow (Entomo Brands) | CenterOak Partners | PE-Backed | 13 | CenterOak Partners | 2023 | Verified |
| AXN Growth Partners | Shore Capital Partners | PE-Backed | 11 | Shore Capital | 2023 | Verified |
| Aruza Pest Control | Concentric Equity Partners | PE-Backed | 11 | PR Newswire | 2022 | Verified |
| Barefoot Mosquito & Pest | Incline Equity Partners | PE-Backed | 11 | Incline Equity | 2023 | Verified |
| Rumble Pest Solutions | Dubin Clark | PE-Backed | 5 | Business Wire | 2025 | Verified |
| Super Home Services | Dubin Clark | PE-Backed | 3 | PMP Magazine | 2022 | Reported |
| Rockit Pest | Halle Capital | PE-Backed | 2 | Business Wire | 2021 | Verified |
| LawnPRO Partners | HCI Equity Partners | PE-Backed | 1 | PR Newswire | 2024 | Verified |
| Massey Services | Massey family | Family / Private | 166 | Massey Services | 2026 | Verified |
| Arrow Exterminators | Thomas family | Family / Private | 153 | Arrow (fact sheet) | 2026 | Verified |
| Cook's Pest Control | Cook family | Family / Private | 68 | Cook's Pest Control | 2026 | Reported |
| Truly Nolen (corporate) | Nolen family | Family / Private | 65 | Truly Nolen | 2026 | Verified |
| Moxie Pest Control | Founder-owned (Jason Walton) | Family / Private | 39 | PCT Magazine | 2024 | Reported |
| Home Paramount Pest Control | Tilley family | Family / Private | 16 | Home Paramount | 2026 | Verified |
| Dodson Pest Control | Dodson family | Family / Private | 9 | Dodson Bros. | 2026 | Verified |
| Rose Pest Solutions | Ives family (Bio-Serv) | Family / Private | 9 | Rose Pest Solutions | 2026 | Verified |
| ABC Home & Commercial | Jenkins family | Family / Private | 4 | PCT Magazine | 2024 | Reported |
| Sprague Pest Solutions | Treleven family | Family / Private | 4 | Sprague Pest | 2026 | Verified |
| All-American Pest Control | Richardson family | Family / Private | 4 | All-American | 2026 | Verified |
| Adam's Pest Control | Leyse family | Family / Private | 2 | Adam's Pest Control | 2026 | Verified |
| EcoShield (Shield Co) | Founder-owned (Doug Cardon) | Founder Network | 34 | The Shield Co | 2026 | Reported |

| Parent / Network | Sponsor / Owner | Category | Obs. Loc. | Source | Source Date | Status |
|---|---|---|---|---|---|---|
| Mosquito Joe | Neighborly | Franchise | 183 | Neighborly | 2026 | Verified |
| Mosquito Authority | Main Line Brands | Franchise | 166 | Main Line Brands | 2026 | Verified |
| Mosquito Squad | Authority Brands | Franchise | 154 | Authority Brands | 2026 | Verified |
| Mosquito Hero | Weed Man (Turf Holdings) | Franchise | 103 | PR Newswire | 2021 | Verified |
| Mosquito Shield | Five Star Franchising | Franchise | 99 | PR Newswire | 2022 | Verified |
| Mosquito Hunters | Happinest Brands | Franchise | 83 | 1851 Franchise | 2022 | Reported |
| Pestmaster | Threshold Brands (Riverside) | Franchise | 46 | PMP Magazine | 2021 | Reported |
| MosquitoNix | Franworth | Franchise | 35 | MosquitoNix | 2026 | Reported |
| Pest Authority | Main Line Brands | Franchise | 30 | Main Line Brands | 2026 | Verified |
| Truly Nolen Franchise | Nolen family (franchisor) | Franchise | 27 | Truly Nolen | 2026 | Verified |
| Terminix Licensed Operator | Rentokil Terminix | Franchise | 16 | Rentokil PR | 2022 | Reported |
| Wildlife X Team | Independent franchisor | Franchise | 1 | Wildlife X Team | 2026 | Verified |
| ProGuard Pest Solutions | Trivest Partners | PE-Backed | 1 | CT Acquisitions | Jun 2026 | Reported |

| Density Type | Loc. | Closest (mi) | Other ≤10 | None ≤10 |
|---|---|---|---|---|
| Urban / dense ZIP | 2,711 | 0.77 | 41 | 0.1% |
| Suburban | 8,433 | 0.96 | 28 | 1.6% |
| Exurban / small metro | 4,865 | 1.36 | 17 | 5.2% |
| Rural / low-density | 3,742 | 3.96 | 4 | 19.5% |
| Median reviews per location | 27 |
| Locations with 100+ reviews | 3,706 (21.9%) |
| Median rating | 5.0 |
| Missing review data | 1,728 |

