A Memphis, Tennessee-based provider of pest control services, Terminix has operations in 22 other countries in addition to 47 states within the United States. The business was established in 1927 and has since expanded to rank among the biggest pest control firms worldwide. For both residential and commercial clients, Terminix offers pest control services such as termite and bed bug treatments, mosquito eradication, and wildlife removal. Many people who are curious about the company’s financial situation are interested in learning more about the net worth of the business.
The expected value of Terminix’s net assets in 2021 is $2.8 billion. The business generated $2.2 billion in revenue in 2020 and $129 million in net income. The business employs more than 10,000 people and runs more than 300 branches around the country. A division of Fortune 1000 corporation ServiceMaster Global Holdings, Terminix offers a range of services, including cleaning, repair, and pest control for both homes and businesses.
Different techniques are used by pest control businesses to manage and get rid of pests. Using liquid insecticides is one of the most widely used techniques. These liquid insecticides can be applied to places where pests are most likely to be found, such as baseboards, cracks, and crevices, and they contain compounds that are poisonous to bugs. To get rid of pests like cockroaches, ants, and mosquitoes, liquid insecticides can also be sprayed outside.
Pyrethroids are one of the substances that are most frequently applied to control pests. A class of synthetic pesticide known as pyrethroids is based on the natural pyrethrins that can be found in chrysanthemum flowers. Pyrethroids are used to treat a variety of pests, such as bed bugs, ants, mosquitoes, and termites. Pyrethroids cause pests’ neurological systems to malfunction, which results in paralysis and death.
Pesticides in the Group 3 category are controlled by the Environmental Protection Agency (EPA). Ants, cockroaches, and fleas are just a few of the pests that are managed by group 3 pesticides. These pesticides are employed at low quantities since they are thought to be mildly harmful to both people and animals. Insecticides of Group 3 are frequently sprayed in liquid or granular form to both indoor and outdoor spaces.
In conclusion, Terminix is a well-known pest treatment business with an estimated $2.8 billion in wealth. The business offers termite and bed bug treatments, mosquito eradication, and wildlife removal for both residential and commercial clients. Pest control businesses employ a variety of techniques, including liquid pesticides and artificial insecticides like pyrethroids, to manage and get rid of pests. The EPA regulates a class of pesticides called Group 3 insecticides, which are used to manage a wide range of pests.
Pesticides that target and kill insects particularly are known as insecticides. On the other hand, pesticides are a broader group of chemicals that also includes herbicides, fungicides, and rodenticides (which kill rodents), in addition to insecticides (which kill insects), plants (which destroy plants), and fungus.