London investment manager to acquire Yorkshire pest control tech firm

A Yorkshire pest control technology company has announced that it is set to be acquired by a London investment manager.

Pelsis Group, based in Knaresborough, has reported that it is being acquired this September by specialist investment manager Pamplona Capital Management.

The group has been owned for the past four years by Lloyds Development Capital (LDC), the private equity arm of Lloyds Banking Group, and currently has a turnover of £150m.

Andrew Milner, CEO of Pelsis, commented: “We are very excited to begin this new chapter for Pelsis together with Pamplona.

“Pamplona will actively support Pelsis in achieving our shared goals and growing further into the US and Europe, consolidating our position as a market leader and introducing new, innovative products to the market.

“Having met the Pamplona team, we look forward to working with them in driving the company’s further success.”

Martin Schwab, co-managing partner of Pamplona, said: “We are looking forward to partnering with Andrew and the management team of Pelsis and are impressed by the work they have done to build the company into an attractive growth platform in recent years.

“As a global leader in the highly resilient pest control market, we believe Pelsis is very well positioned to take advantage of the strong trend towards greater focus on health and hygiene, and continued growth and development of the pest control industry.

“Pamplona’s track record in supporting management teams in executing their strategic ambitions across both sides of the Atlantic and experience in carrying out bolt-on acquisitions ideally position us to support Pelsis for the next stage of growth.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →