“I am very excited for Senske to be a nationwide brand in the lawncare space and look forward to a successful relationship with GTCR,” said Founder Chris Senske.
As part of the deal, Senske will step down as CEO, but will remain a substantial shareholder of the company and remain on the board of directors. Taking over as co-CEOs are Casey Taylor and Nathan Hurst, former CEOs of the commercial water filtration business Waterlogic, who will also invest in Senske.
“My involvement with Senske is now as a consultant and member of the board,” Senske says.
At Waterlogic, Taylor and Hurst built a consolidation platform, completing over 60 acquisitions in the last five years while building a fully-integrated national brand.
Senske Services will serve as the platform for a broader national expansion in the residential lawn care and pest control industries.
As part of the transaction, GTCR has committed significant capital to fund acquisitions and organic growth opportunities.
"We are excited to partner with GTCR and look forward to continuing to provide Senske's customers with exceptional service," said Messrs. Taylor and Hurst. "GTCR brings significant resources and experience in building companies and together we expect to grow Senske into a leading national lawn care and pest control company."
Solomon Partners served as financial advisor and Kirkland Ellis served as legal advisor to GTCR. LR Tullius served as exclusive financial advisor to Senske Services and Gravis Law served as legal advisor to Senske.
Source: GCTR with additional reporting from Brian Horn, editor of PCT sister publication Lawn & Landscape.
Latest from Pest Control Technology
- Pushing for Preemption
- Nominations Open for NPMA’s Impact Awards for Women in Pest Management
- A 'Recession-Proof' Pest Industry
- Chicago Tops Orkin's 2023 Top 50 Bed Bug Cities List
- PestCo Acquires Romney Pest Control and Phenom Pest Protection
- Orkin Names Patrick Chrzanowski New President as Freeman Elliott Retires
- Mass Appeal
- Modern Pest Services Acquires EcoChoice