The McLean Group Advises Outdoor Living Brands on Its Sale of Mosquito Squad to Authority Brands
MCLEAN, VA – December 11, 2018 – Outdoor Living Brands announced that Mosquito Squad has been acquired by Authority Brands, a leading home services franchising platform. The McLean Group’s franchising practice served as the exclusive advisor to Outdoor Living Brands and its portfolio company Mosquito Squad. Terms of the transaction were not disclosed.
Founded in 2005, and headquartered in Richmond, Virginia, Mosquito Squad delivers pest control solutions for outdoor living environments to meet the family and lifestyle needs of clients. As the inventor of the pest control category and barrier treatment methodology, Mosquito Squad is the category leader with approximately 250 domestic locations in 37 states and Puerto Rico plus international licensees in Kenya and Indonesia.
Rob Weddle, CEO of Authority Brands, said, “We’ve been following the success of Mosquito Squad for many years. They are a leader in their industry and we are looking forward to supporting their team and helping facilitate the continued growth of their franchisees.”
“As we considered options for our shareholders, The McLean Group was instrumental in preparing the Company and executing a disciplined process to identify attractive transaction alternatives. While we set out to recapitalize the entire enterprise, The McLean Group identified several options for our shareholders to consider beyond what we engaged them to do. After experiencing their in-depth knowledge of the market, relationships with private equity firms interested in the franchise sector, experience with issues unique to franchise transactions, and dedication to providing senior banker attention to every single element of the process, we know we made a fantastic choice to have them at our side,” said Chris Grandpre, CEO of Outdoor Living Brands.
Authority Brands is a leading home services franchising platform and the parent company to The Cleaning Authority (“TCA”), Homewatch CareGivers (“HWCG”) and America’s Swimming Pool Company (“ASP”). TCA franchisees provide residential cleaning services to more than 100,000 recurring customers, HWCG franchisees deliver at-home services including elderly, disabled and after-surgery care, as well as help for those living with dementia, while ASP franchisees provide swimming pool maintenance, repair and renovation.
ABOUT THE MCLEAN GROUP
The McLean Group’s franchising practice provides a full range of M&A advisory and capital-raising services to franchisors and multi-unit franchisees.
The McLean Group is an employee-owned investment bank that provides objective strategic and financial advice on mergers and acquisitions and business valuations. Our investment banking advisory and valuation services are built on comprehensive industry knowledge, extensive transaction experience, senior-level attention to every client engagement, and a real-time understanding of industry-specific value drivers. By partnering with clients and providing strategic advice through every phase of a company’s development, The McLean Group is uniquely positioned to support our clients’ long-term success.