TSCP-backed PestCo backs Ecoteam

PestCo, which is backed by Thompson Street Capital Partners, has made an investment in Ecoteam LLC, a provider of commercial pest control services.

PestCo, which is backed by Thompson Street Capital Partners, has made an investment in Ecoteam LLC, a provider of commercial pest control services. No financial terms were disclosed.

PRESS RELEASE

ST. LOUIS–(BUSINESS WIRE)–Thompson Street Capital Partners (“TSCP”), a private equity firm based in St. Louis, today announced its portfolio company PestCo Holdings, LLC (“PestCo”) has completed an investment in Ecoteam, LLC and Houston-based Envirotrol Pest Solutions, Inc (together “Ecoteam”). Ecoteam, operating across Texas with branch locations in Houston, Dallas-Fort Worth, Austin, and San Antonio, is a leading provider of commercial pest control services with a focus on multi-family communities. With this investment, Ecoteam is positioned for future expansion and growth. Terms of the investment were not disclosed.

On the investment, Jay Keating, CEO of PestCo, said, “Ecoteam is a well-managed, high-quality business with an excellent track record of growth. We are excited to partner with Jon Polenz and Patrick Polenz to help take Ecoteam to the next level.”

Jon Polenz, President at Ecoteam, said, “Ecoteam has always prioritized its team and its customers. We believe partnering with PestCo and TSCP will help us accelerate our growth and provide more opportunities for our team while continuing to offer great services to our customers on a wider scale.”

Patrick Polenz, Vice President at Ecoteam, added, “Ecoteam has found success as a result of its many dedicated employees and loyal customers. We look forward to continuing to offer our quality service and to enhancing our growth opportunities as a part of PestCo and in partnership with TSCP.”

Brandon Muirhead, Director, TSCP, said, “We quickly recognized the leading position Ecoteam has established in Texas. We are thrilled to partner with their team to help the company achieve its next phase of growth.”

Ecoteam was advised by LR Tullius. Lance Tullius, President at LR Tullius (lrtullius.com), noted, “Under Jon and Patrick’s leadership, Ecoteam has become a leading multi-family pest control provider, and it was a pleasure to help them achieve an excellent outcome. They’ve chosen a great partner in PestCo and TSCP, who have quickly become a differentiated and very active potential partner for operators in the pest control industry.”

PestCo is an acquisition company formed to consolidate the highly fragmented pest control industry. This is its second investment.

About Thompson Street Capital Partners
Thompson Street Capital Partners (tscp.com) is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses in the Life Sciences & Healthcare, Software & Technology, and Business and Consumer Services and Products sectors. Founded in 2000, the firm has acquired more than 150 companies and has managed more than $2.6 billion in equity. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.