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Terminix Shareholders Approve Rentokil Initial Merger

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Terminix shareholders have voted in favour of the company’s long-announced merger with Rentokil Initial which was subject to requirements from European regulators at an EGM.

Commenting on the outcome of the vote, Brett T. Ponton, Chief Executive Officer of Terminix, said: “We are pleased that our shareholders overwhelmingly supported the recommendation of our Board and affirmed our merger with Rentokil. I want to thank the dedicated Terminix teammates who delivered strong performance and excellent customer service while simultaneously planning for integration. We now turn our attention towards executing our robust integration plans and creating additional value for our stakeholders.”

The acquisition is expected to close on October 12, 2022, subject to satisfaction of customary closing conditions.

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Staff Reporter covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.


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