• October 20, 2020

Susquehanna Private Capital Announces Investment in Mosquito Authority - Odessa American: Business

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Susquehanna Private Capital Announces Investment in Mosquito Authority

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Posted: Tuesday, October 13, 2020 8:02 am

BALA CYNWYD, Pa. --(BUSINESS WIRE)--Oct 13, 2020--

Susquehanna Private Capital, LLC (“SPC”) today announced an investment in Authority Franchise Systems, LLC (“Mosquito Authority” or “The Company”), a Hickory, North Carolina based franchisor of mosquito, pest and tick control services throughout the United States, Puerto Rico, and Canada. Terms of the transaction were not disclosed.

In addition to the Mosquito Authority brand, The Company owns and operates Pest Authority, which includes commercial and residential services for ticks, bed bugs and termites. The Company seeks to deliver exceptional and personalized pest control services through its affordable “No commitments. No contracts” methodology. Mosquito Authority was founded in 2002 by Joey Osborne and is led by CEO Chris Buitron. The Company encompasses over 150 growing franchises.

“We are pleased to partner with the Mosquito Authority team as we set out to build a multi-branded franchisor within the niche, growing and recession-resistant pest control industry,” said Kyle Squillario, Co-Head at SPC. “We look forward to leveraging our resources and combining them with Chris’ industry insight and the deep experience of his management team as we seek to grow Mosquito Authority by partnering with other founder‐owners of outdoor home service brands.”

“The global pest control industry is an integral component of home maintenance and security, which has come to the forefront as people spend more time at home amid the pandemic environment,” commented Joey Osborne, Founder of Mosquito Authority.

Mosquito Authority CEO Chris Buitron added, “With SPC’s support, we look forward to entering the next phase of company growth by expanding our pest control services and client reach.”

“We are proud to partner with the Mosquito Authority team and excited to build upon the company’s strong reputation within the franchising space,” said John McGinley, Vice President at SPC.

Founded in 2016, Susquehanna Private Capital prides itself on its ability to collaboratively and patiently work with founders, entrepreneurs, and operators to build businesses with enduring value. The firm’s latest acquisition of Mosquito Authority follows its recent platform investment, Quality Collision Group.

About Mosquito Authority

Based in Hickory, North Carolina, Authority Franchise Systems (“Mosquito Authority”) is a franchisor of pest control services to residential and commercial end markets. Founded in 2002, the company’s franchise base provides mosquito control services, under the flagship Mosquito Authority brand, as well as other pest control services, under the Pest Authority brand, such as tick, bed bugs and termites throughout the United States. The company operates in 38 U.S. states, Puerto Rico, and Canada with a system wide employee base of more than 500 supporting over 85,000 clients. For more information, call 314-269-0379 or visit BugsBITE.com.

About Susquehanna Private Capital

Susquehanna Private Capital, LLC (“SPC”), funded by the founders of Susquehanna International Group, LLP – one of the world’s largest privately-held financial services firms – was founded in 2016. With a flexible capital structure, SPC empowers founders, entrepreneurs, and operators to build businesses with enduring value. SPC targets U.S. companies in the business, consumer and franchise services, healthcare services, and industrial technology sectors with $3 million to $15 million in EBITDA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201013005387/en/

CONTACT: Gasthalter & Co.

Carissa Felger/Alex Jeffrey

(312) 319-9233

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Susquehanna Private Capital, LLC

Copyright Business Wire 2020.

PUB: 10/13/2020 09:00 AM/DISC: 10/13/2020 09:01 AM

http://www.businesswire.com/news/home/20201013005387/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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