{
  "title": "Rentokil acquires Terminix: $6.7B price, structure and what it means",
  "url": "https://acquisitions.com/blog/rentokil-acquires-terminix/",
  "author": "Moran Pober",
  "publisher": "Acquisitions.com",
  "published": "2026-10-23",
  "updated": "2026-10-23",
  "section": "Deal reports",
  "keyword": "Rentokil acquires Terminix",
  "short_answer": "Rentokil Initial agreed on 14 December 2021 to buy Terminix Global Holdings for about $6.7 billion, or $55.00 a share, paid about 80% in new Rentokil shares and 20% in cash. The deal closed on 12 October 2022. Rentokil paid about $1.34 billion in cash and issued about 645.7 million new shares.",
  "facts": {
    "Buyer": "Rentokil Initial plc (London Stock Exchange; ADSs on the NYSE as RTO from completion)",
    "Target": "Terminix Global Holdings, Inc. (NYSE: TMX)",
    "Sector": "Pest control: residential, commercial and termite",
    "Location": "Terminix: Memphis, Tennessee. Rentokil: United Kingdom",
    "Price": "About $6.7 billion for Terminix's share capital; $55.00 per share, a 47.0% premium to the 13 December 2021 close",
    "Structure": "About 80% new Rentokil shares and 20% cash; Terminix holders to own about 26% of the combined group",
    "Cash and shares at close": "About $1.34 billion in cash and about 645.7 million new Rentokil shares (about 129.1 million ADSs)",
    "Target revenue": "$1.96 billion in 2020; adjusted EBITDA $345 million (per the announcement)",
    "Target customers and staff": "2.9 million customers, over 11,400 teammates, 24 countries and territories",
    "Announced": "14 December 2021",
    "Closed": "12 October 2022",
    "Source": "Rentokil announcement, filed with the SEC; Rentokil completion release"
  },
  "sources": [
    "https://www.sec.gov/Archives/edgar/data/1428875/000095010321019758/dp163630_425.htm",
    "https://www.rentokil-initial.com/media/news-releases/news-2022/terminix_completion.aspx",
    "https://www.sec.gov/Archives/edgar/data/930157/000165495422014468/a8151e.htm",
    "https://www.sec.gov/Archives/edgar/data/1428875/000110465922106824/tm2227422d1_ex99-1.htm",
    "https://www.sec.gov/Archives/edgar/data/930157/000165495424009374/rentokilinitialplc.htm",
    "https://www.investegate.co.uk/announcement/rns/rentokil-initial--rto/preliminary-results/9459207"
  ],
  "license": "Facts may be quoted with attribution to Acquisitions.com and a link to the url above."
}