In the company’s September Trading Update, Rentokil commented that North American sales in July and August were lower than anticipated and there was some modest disruption to organic growth from branch integration. As a result Rentokil guided North American Organic Revenue growth to c.1% in H2 24.
We are hosting our quarterly call on the Pest Control industry with Dave Bradford, CEO of Certus, one of the 20 largest pest control companies in the U.S. Mr. Bradford brings over 20 years of experience working with high growth route-based service companies such as pest control. From 2016 to 2021 Mr. Bradford was the CFO of Environmental Pest Service, LLC (EPS), a private equity backed pest control company which grew to be the 14th largest pest control company. EPS had a successful exit in 2020 which was the 5th largest transaction in the US Pest industry. During our call Mr. Bradford will update us on organic growth for the U.S. pest control industry, OSP labor issues, customer retention, technician and management turnover, pricing, digital marketing, the M&A environment, and Rentokil’s cost overruns in sales and service.