ServiceMaster Acquires Swedish Pest Control FirmSeptember 9, 2019
Based in Stockholm, Sweden, Nomor is the fourth largest pest control provider in Europe, with operations throughout Sweden and Norway, where it operates under the brand name Pelias. The transaction will be funded through $120 million in borrowing from ServiceMaster’s revolving credit facility as well as cash from operations.
“We are incredibly excited to have the Nomor team join us as we launch our global expansion strategy and enter the large and growing European pest market,” said Nik Varty, CEO of ServiceMaster. “As we have shared with our investors and employees, we have global aspirations and these partners will help us execute our strategy through the established and successful platform they built in Sweden and Norway. Our new colleagues and their seasoned management team will provide us with local expertise, experienced in driving organic growth and profitability.”
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