Mosquito Squad, a Henrico County-based pest-control franchising company that has grown to have more than 250 franchisees, has been acquired.
In a deal that closed on Friday, Authority Brands LLC, a Columbia, Md.-based home services franchising company, bought Mosquito Squad from its former parent company, Outdoor Living Brands.
Outdoor Living Brands also is based in Henrico and owns other franchise brands such as Archadeck, Conserva Irrigation, Renew Crew and Outdoor Lighting Perspectives.
Financial terms of the deal were not disclosed.
Authority Brands plans to keep Mosquito Squad’s corporate operations in Henrico, said Chris Grandpre, chairman and chief executive officer of Outdoor Living Brands.
“We have subleased them office space where they will continue to operate,” Grandpre said, adding that Outdoor Living Brands also will continue to provide transition services for about a year.
Mosquito Squad was founded in 2005 in Charlotte, N.C., and moved its headquarters to the Richmond area in 2009 after it was acquired by Outdoor Living Brands.
From just a handful of locations, Mosquito Squad has grown to more than 250 franchisees in the U.S., along with locations in Kenya, Indonesia and Puerto Rico. The franchisees provide services to eliminate mosquitoes, ticks, and the diseases they can bring, for homeowners and communities.
Mosquito Squad has consistently been among the Richmond-area companies on the annual Inc. 5000 list of the nation’s fastest-growing privately held businesses. This year, Mosquito Squad ranked No. 3165 on the list, with a three-year growth rate of 125 percent and 2017 revenue of $51.69 million.
Outdoor Living Brands was created through a series of business deals in 2008 and 2009. Grandpre said the sale of Mosquito Squad was part of a business transaction in which the managers of Outdoor Living Brands bought out one of its original investors. “The remaining Outdoor Living Brands organization is a management-owned enterprise going forward,” Grandpre said.
Authority Brands is the parent company of three other home service franchising businesses: The Cleaning Authority, Homewatch CareGivers and America’s Swimming Pool Co.
With the addition of Mosquito Squad, Authority Brands said it now has more than 750 franchise locations in the United States, Canada, Latin America, Kenya, Indonesia and Puerto Rico.
“They are a leading home services franchise business,” Grandpre said of Authority Brands. “I have known their CEO for a number of years. We have respect for their organization and their people and culture. We are confident it will be a good home to Mosquito Squad and we will see that business continue to thrive in the years ahead under their ownership.”
Rob Weddle, CEO of Authority Brands, said in a statement that his company has been following the success of Mosquito Squad for years. “They are a leader in their industry and we are looking forward to supporting their team and helping facilitate the continued growth of their franchisees.”
The McLean Group’s franchising practice served as the exclusive adviser to Outdoor Living Brands.