How, and when, the Terminix merger deal began
Recently filed SEC documents reveal that negotiations between Terminix and Rentokil Initial go back at least four years.
There are 8 article(s) tagged Terminix Global Holdings Inc.:
Recently filed SEC documents reveal that negotiations between Terminix and Rentokil Initial go back at least four years.
Memphis-based Terminix has agreed to be bought by the British company Rentokil Initial for $6.7 billion, the companies announced in a statement.
Terminix Global Holdings Inc., reported strong financial results for the first quarter of this year. The company is expecting continued growth in its revenues as the country recovers from the COVID-19 pandemic.
Tony DiLucente retired from Terminix last month after quietly providing leadership during one of the most eventful periods in the history of the company formerly known as ServiceMaster.
The relocation of the ServiceMaster Brands headquarters to Atlanta will result in some significant job losses for Memphis.
Terminix has named Robert “Bob” Riesbeck, former CEO of Pier 1 Imports, as its next chief financial officer, in a corporate leadership move that’s been brewing since early 2020.
Memphis-based ServiceMaster has completed a $1.55 billion sale of its non-pest control brands. Related story:
“ServiceMaster CEO new to bug biz, but service industry pro”
Terminix Global Holdings Inc. will be the official new name of the Memphis-based company previously known as ServiceMaster. The stock exchange ticker also will change to TMX.
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