The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 9 percent year-over-year in September 2024, accelerating modestly from the 7 percent result in August. The September results are just below the long-term average index growth rate of 10 percent.
“After normalizing for workday noise in July and August, index performance in recent months has essentially been in line with the long-term historical average,” says William Blair Equity Researcher Tim Mulrooney. “This suggests that the U.S pest control market is also growing in line with the long-term historical average of 4 percent to 5 percent.”
Dan Gordon, managing member of PCO Bookkeepers & M&A Specialists, adds, “This growth number is exciting especially given the nervousness about the economy pre-election. It will be interesting to see where the number stands in the future given the results of the election.”
The month’s results by segment include:
- The Residential Pest Index increased 7 percent year-over-year.
- The Commercial Pest Index increased 14 percent year-over-year.
- The Termite Index increased 7 percent year-over year.
- The Bed Bug Index increased 4 percent year-over-year.
- The Mosquito Index increased 9 percent year-over-year.
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The William Blair/PCO Bookkeepers & M&A Specialists Pest Index tracks the monthly performance of 140 privately held pest control companies across 38 states with combined annual 2023 revenue of $486 million. The purpose of the report is to track the monthly performance of several different U.S. pest markets. It does not include residential door-to-door companies. Learn more.
