Alta Pest Control Announces Minority Partnership With Trivest
30 April 2024 - 11:05PM
Business Wire
Alta Pest Control (“Alta” or the “Company”) announces a minority
growth investment from Trivest Partners (“Trivest”). Trivest is a
Miami-based private investment firm that focuses exclusively on the
support and growth of founder-led and family-owned businesses in
the U.S. and Canada. The investment was made from the Trivest
Growth Investment Fund (“TGIF”), a dedicated non-control fund
launched in 2016 to solve founders’ need for a value-added capital
partner while maintaining operational and financial control of
their business.
Founded in 2013 and based in Austin, TX, Alta is a residential
pest control provider offering routine services to maintain a
pest-free environment for customers and on-demand services for
emergencies and the unexpected. Alta was founded by the Langlois
family (Chris, Michael, and Tyler) in Seattle, Washington, with the
mission to provide safe and effective pest control solutions for
customers. Over the course of the past decade, the Langlois family
grew Alta organically until meeting Ardent Pest Control in 2022 and
officially joining forces with co-founders Preston Peterson and
Aaron Curtis through a merger that doubled the organization. The
combination created a leading pest control service provider under
the Alta brand with the objective of excelling at customer service
by Taking Bugs to a Better Place. Alta serves nearly 50,000
households across Texas, Oklahoma, Tennessee, Missouri, Kansas,
North Carolina, Nevada, Virginia, and Washington.
“For over a decade, Alta has maintained its mission to provide
safe and effective solutions with a customer-first mindset,” said
Chris Langlois, CEO at Alta Pest control. “I candidly was
not aware that a non-control structure was an option but it was
ideal for Alta. This structure with Trivest affords us the
flexibility to continue to execute on our vision with additional
support and resources from a partner that shares our values and
growth plans for this next stage of our business.”
“We’re beyond excited to support Chris and team in their
commitment to serve customers the Alta way through service quality
and reliability,” said Amir Mirheydar, Partner at Trivest.
“Alta has done a tremendous job over the past decade and we’re
looking forward to being a catalyst for the growth in the years to
come.”
“We have hit the ground running with the team by making
meaningful investments in the Company’s people and infrastructure
to offer high-quality service to customers as Alta continues to
scale,” said Andres Policastro, Vice President at
Trivest.
William Blair served as the exclusive financial advisor to
Trivest in the transaction. TGIF II, with $435 million in committed
capital, provided the Alta investment on behalf of Trivest.
About Alta Pest Control
Alta Pest Control provides residential pest control services
including routine maintenance, mosquito, termite, rodent, and
wildlife services. The Company is headquartered in Austin, TX, and
maintains 16 branches across 9 states. For additional information,
please visit www.altapestcontrol.com/.
About Trivest
Trivest Partners, with offices in Miami, Charlotte, Chicago,
Denver, Los Angeles, New York, and Toronto, is a private investment
firm that focuses exclusively on the support and growth of
founder-led and family-owned businesses in the U.S. and Canada, in
both control and non-control transactions. Over the last 5 years,
Trivest has completed more than 250 investments in partnership with
founder-led & family-owned businesses. The firm has roughly
$5.6 billion in assets under management, with a growing team of
over 85 professionals. For more information, visit
www.trivest.com.
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Andres Policastro (305) 858-2200