#USA #pest control #Coalesce Capital #ClearDefense #New York, Raleigh

Coalesce Capital Invests in ClearDefense Pest Control

In a strategic move aimed at boosting residential pest control services, Coalesce Capital has made a significant growth investment in ClearDefense Pest Control. As a leading private equity firm, Coalesce is focused on supporting next-generation, technology-enabled service companies, and this investment marks a new chapter in ClearDefense's journey.

Founded in 2013, ClearDefense has emerged as a frontrunner in providing residential pest control solutions, operating across 16 states with 27 locations. The company's expansive growth has been propelled by a multi-channel customer acquisition strategy, complemented by their commitment to hiring and nurturing talented sales and technician personnel. ClearDefense’s extensive range of services, including offerings in general pest control, mosquito, and termite management, has solidified its place in the market.

John-Mark Bolton, Chairman and Founder of ClearDefense, expressed his enthusiasm about partnering with Coalesce Capital. "Our journey began with a vision of establishing a pest control platform that not only delivers exceptional service but also fosters a workplace culture where talent evolves and thrives. Partnering with Coalesce, which shares our values and visionary outlook, is fitting as we aim to scale the business further while upholding the core principles that define us."

The team at ClearDefense is expected to maintain a significant equity stake in the company, continuing operational leadership alongside Coalesce. Stephanie Geveda, Co-Founder and Managing Partner at Coalesce, highlighted the appealing aspects of the pest control market. She noted, "With its recurring revenue streams and resilient demand, the residential pest control sector presents a unique opportunity for high-quality operators. ClearDefense stands out with its exceptional commercial framework and talent development strategies, which focus on delivering remarkable customer outcomes."

The strategic advisory roles in this transaction were taken by Citizens MA Advisory and Orrick for ClearDefense, while Piper Sandler and Latham & Watkins represented Coalesce in financial and legal advisory capacities. The exact financial details of this transaction remain undisclosed but highlight the significance of this partnership in the pest control industry.

About Coalesce Capital

Coalesce Capital is a prominent private equity firm with a dedicated focus on forging enduring partnerships with entrepreneurs. With assets exceeding $1.8 billion under management, Coalesce seeks to invest in differentiated businesses, particularly in the sector of human capital-driven services. Their growth-centric investment philosophy emphasizes that valuing people is paramount when creating success.

About ClearDefense Pest Control

ClearDefense is recognized as a leading provider of pest management services for both residential and commercial sectors. The company vows to provide innovative, environmentally conscious solutions aimed at safeguarding homes and businesses. Their rapid growth throughout the United States is attributed to a commitment to outstanding customer service and operational excellence. ClearDefense stands by a philosophy that prioritizes the development of its employees, ensuring a conducive environment for growth, exceptional service, and thriving communities. More details can be found at ClearDefensePest.com.

As this investment unfolds, both Coalesce Capital and ClearDefense are poised to achieve substantial growth, aiming to redefine the pest control experience through innovative, customer-focused solutions. This partnership sets a remarkable precedent in the intersection of human-centric business values and technology-driven service enhancements, promising a bright future for the pest control industry.