Summary:

• Pete Schopen, the owner of Schopen Pest Solutions, has shared the details of how he sold his startup to Rollins, a leading pest control company.
• Rollins acquired Schopen Pest Solutions in February 2021, marking the company’s first acquisition in Illinois.
• According to Schopen, the acquisition was a smooth process supported by the extensive due diligence, transparency, and communication between both parties.
• He attributes the success of the deal to his focus on building a solid business foundation, developing a strong company culture, and delivering superior pest control services to his customers.
• He also highlights the importance of seeking professional advice, engaging a broker, and getting a detailed valuation of the business to ensure a fair price.
• The acquisition has allowed Schopen Pest Solutions to access more resources, better technology, and broader market opportunities, while Rollins has strengthened its presence in the Midwest region.

In Conclusion:

Pete Schopen’s success in selling his pest control startup to Rollins highlights the importance of building a strong business foundation, culture, and customer service practices. Seeking professional advice, engaging a broker, and obtaining a detailed valuation can also increase the chances of securing a fair price. The acquisition has opened up new opportunities for both companies, with Rollins expanding its presence in the Midwest and Schopen Pest Solutions gaining access to more resources and technology.

https://www.mypmp.net/2023/06/06/how-my-startup-was-sold/