How Much Terminix Earns? Net Worth and History

Terminix International Company, L.P. stands as a global titan in the pest control industry, boasting a rich history that spans back to its innovative inception in 1927. Born from a desire to shield hardwood floors from termite damage, Terminix has since evolved into one of the world’s foremost pest control companies, operating across 47 states in the United States and spanning over 70 countries worldwide.

A subsidiary of the UK-based Rentokil Initial, Terminix’s journey is marked by pioneering advancements, strategic acquisitions, and a commitment to safeguarding both residential and commercial spaces from a diverse range of pests.

From its groundbreaking creation of the first termiticide in 1932 to its contemporary environmentally conscious solutions, Terminix continues to shape the pest control landscape with its unwavering dedication to innovation, excellence, and comprehensive pest management services.

Brand NameTerminix
FounderE.L. Bruce
Established In1927
ServicesTermite and Pest control
HeadquartersMemphis, Tennessee
Operational AreasGlobal
Terminix Net Worth$4.7 billion (Last Updated August 2023)

Terminix Net Worth

Terminix, a prominent player in the global pest control industry, holds a noteworthy net worth of $4.7 billion. This substantial financial valuation reflects the company’s enduring success and its pivotal role in providing effective pest management solutions to customers across the world.

With a history marked by innovation, strategic acquisitions, and a commitment to environmental responsibility, Terminix has solidified its position as a leading force in the field.

Its impressive net worth underscores the value it brings to both residential and commercial clients seeking comprehensive and reliable pest control services, as well as its enduring impact on the industry as a whole.

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Terminix Revenue

Terminix, a global leader in pest control services, has achieved remarkable financial success with its reported revenue of $1.8 billion. This substantial revenue underscores the company’s prominent position in the industry and its ability to provide effective solutions for pest-related challenges to a diverse range of customers, including both residential and commercial clients.

Terminix Founder

Terminix was founded by E. L. Bruce, the owner of the E. L. Bruce Company in Memphis, Tennessee. In 1927, E. L. Bruce established the Bruce Terminix Research Laboratory with the goal of finding a way to protect the hardwood floors his company manufactured from termite damage.

This visionary step led to the creation of the first termiticide by senior chemist Frank Lyons in 1932, marking the company’s entry into the pest control industry. E. L. Bruce’s entrepreneurial spirit and commitment to innovation laid the foundation for Terminix’s journey from a hardwood floor protection initiative to becoming one of the largest and most prominent pest control companies in the world.

Terminix History

Terminix has a rich and evolving history that spans several decades. From its humble beginnings as a protective measure for hardwood floors to its current status as a global leader in pest control services, Terminix’s history is marked by innovation, expansion, and a commitment to providing effective solutions to pest-related challenges.

1927: E. L. Bruce, the owner of the E. L. Bruce Company in Memphis, Tennessee, establishes the Bruce Terminix Research Laboratory to develop methods for safeguarding hardwood floors from termite damage.

1932: Senior chemist Frank Lyons creates the first termiticide, an insecticide designed specifically to combat termites. This development marks the beginning of Terminix’s involvement in the pest control industry.

1955: Terminix becomes the first company to offer a termite protection contract, featuring annual inspections and a guarantee.

1957: Franchisees of Terminix begin providing both residential and commercial pest control services, expanding the company’s offerings beyond termite protection.

1968: The E. L. Bruce Company, including Bruce Terminix, is sold to Cook Industries, opening the door for further expansion and growth.

1972: The Company changes its name to Terminix International to reflect its broadening scope of operations, both within and outside of the United States.

1986: ServiceMaster, a global holding company, acquires Terminix, positioning the company for further expansion and acquisitions.

1990: Terminix becomes the largest pest control company in the world through a series of strategic acquisitions, including former franchisees and other pest management firms.

1994: Terminix enters the European market by acquiring Peter Cox PLC, a pest-control and wood preservation business based in Britain.

2001: Terminix acquires Sears Termite and Pest Control, solidifying its position in the pest control industry.

2013: Terminix expands into Canada with the acquisitions of Magical Pest Control in Toronto and Care Pest & Wildlife Control in Vancouver.

2015: Terminix continues its Canadian expansion by acquiring Excel Pest Control and Cabot Pest Control.

2020: ServiceMaster Global Holdings, Inc. sells its ServiceMaster Brands segment and associated trademarks, leading to a name change for the parent company to Terminix Global Holdings, Inc.

2021: Terminix acquires the pest control division of Citron Hygiene in Canada and Environmental Pest Control based in Newmarket.

2022: UK-based Rentokil Initial acquires Terminix for $6.7 billion, further strengthening Terminix’s global presence.

Throughout its history, Terminix has continuously demonstrated its commitment to innovation, quality service, and the development of effective pest control solutions for both residential and commercial customers. The company’s evolution from a specialized laboratory to a worldwide industry leader underscores its dedication to addressing the ever-changing challenges posed by pests.

Terminix Services and Products

Terminix offers a comprehensive range of services and products aimed at addressing various pest-related concerns for both residential and commercial customers. With a focus on effective pest management and customer satisfaction, Terminix provides an array of solutions to create pest-free environments. Some of the key services and products offered by Terminix include:

  • Pest Control Services: Terminix offers a wide spectrum of pest control services, ranging from termite extermination to the management of common pests like ants, cockroaches, rodents, and spiders. These services involve thorough inspections, targeted treatments, and ongoing monitoring to ensure a pest-free environment.
  • Termite Protection: Known for its expertise in termite control, Terminix provides termite inspection, detection, and treatment services. The company offers termite protection contracts that include regular inspections and guarantees to safeguard properties against termite damage.
  • Mosquito and Tick Control: Terminix offers mosquito and tick control solutions to help minimize the presence of these disease-carrying pests. This includes the use of innovative products like the environmentally safe mosquito bait, Attractive Targeted Sugar Bait, and the all-natural AllClear mosquito repellent.
  • Bed Bug Treatments: Terminix provides effective bed bug detection and elimination services, helping to eradicate infestations and prevent future occurrences.
  • Wildlife Control: For wildlife-related issues, Terminix offers humane and responsible solutions to remove and prevent the entry of nuisance animals, such as raccoons, squirrels, and birds.
  • Insulation Services: Terminix also offers insulation options, including TAP (Thermal Acoustical Pest Control) insulation, which not only improves energy efficiency but also acts as a barrier against pests like ants, cockroaches, and termites.
  • Commercial Pest Control: Terminix extends its services to commercial clients, providing tailored pest control solutions to businesses across various industries, including restaurants, hotels, healthcare facilities, and more.
  • Eco-Friendly Solutions: Terminix is committed to environmentally responsible pest management. In addition to its mosquito bait and natural mosquito repellent, the company offers eco-friendly options for pest control that minimize environmental impact.
  • Consultation and Inspection: Terminix provides professional consultation and thorough inspections to identify pest issues and recommend appropriate treatment plans based on the specific needs of each customer.
  • Preventive Maintenance: Along with targeted treatments, Terminix emphasizes preventive measures to help customers proactively reduce the risk of future pest infestations.

Terminix’s diverse range of services and products reflects its dedication to delivering effective and innovative pest control solutions to meet the unique needs of its customers, promoting healthier and pest-free living and working environments.

Terminix Competitors

Terminix operates in a competitive industry, and there are several other companies that provide pest control and related services. Some of Terminix’s competitors in the pest control market include:

  • Orkin: Orkin, a subsidiary of Rollins Inc., is one of the largest and most well-known pest control companies in the United States. They offer a range of pest control services for residential and commercial customers.
  • Ecolab: Ecolab provides a variety of services, including pest control, to industries such as hospitality, food service, healthcare, and more. They focus on integrated pest management solutions.
  • Rentokil: Rentokil Initial, the parent company of Terminix, also operates in the pest control industry. They provide pest control and hygiene services globally.
  • Arrow Exterminators: Arrow Exterminators is a family-owned company that offers pest control services across the southeastern United States. They emphasize environmentally friendly solutions.
  • Truly Nolen: Truly Nolen is known for its distinctive mouse car and offers pest control services in various locations across the United States and internationally.
  • Pestmaster Services: Pestmaster Services is a franchise-based pest control company that offers eco-friendly and integrated pest management solutions.
  • Massey Services: Massey Services is another large pest control company that provides a range of services, including pest control, termite protection, and lawn care.
  • Western Exterminator: Western Exterminator, a part of Rentokil Initial, offers pest control services in the western United States. They provide solutions for both residential and commercial customers.
  • Rollins Inc.: In addition to Orkin, Rollins Inc. owns several other pest control brands, collectively serving a significant portion of the market.
  • Local and Regional Competitors: There are numerous local and regional pest control companies that compete with Terminix by providing localized and specialized services.

Terminix Unknown Facts

Here are some lesser-known facts about Terminix:

  1. Innovative Origins: Terminix was originally established as the Bruce Terminix Research Laboratory with the primary goal of protecting hardwood floors from termite damage. Its pivot to pest control services marked a significant expansion of its initial purpose.
  2. First Termite Protection Contract: In 1955, Terminix became the first company to offer a termite protection contract, which included annual inspections and a guarantee—a pioneering approach in the pest control industry.
  3. Mosquito Bait Development: Terminix developed an environmentally safe mosquito bait called Attractive Targeted Sugar Bait in 2014. This innovative solution utilizes garlic oil to sicken and eliminate mosquitoes, achieving a 90% reduction within three weeks.
  4. AllClear Mosquito Repellent: Alongside its bait technology, Terminix produces AllClear mosquito repellent, an all-natural blend of essential oils that helps deter mosquitoes.
  5. Involvement in Pop Culture: Terminix gained recognition in popular culture with a Stan Freberg radio commercial series in 1971, winning Clio Awards for advertisements titled “Vintage Floorboards,” “Interview,” and “Blue Tennis Shoes.”
  6. Cultural References: The 1983 film “Mr. Mom” featured a reference to Terminix technicians, highlighting the company’s presence in media.
  7. Comedic Partnership: In 2010, comedians Tim Heidecker and Eric Wareheim humorously claimed at Comic-Con that they had partnered with Terminix for their fictional movie “Blues Brothers 2012,” where the Blues Brothers would assume the roles of Terminix technicians.
  8. Mosquitonado Parody: During National Mosquito Control Awareness Week, Terminix released a movie trailer parody titled “Mosquitonado” in 2015, featuring Tara Reid and humorously playing on the “Sharknado” concept.
  9. Legal Disputes: Terminix has faced legal proceedings, including lawsuits from termite inspectors over work expenses and a settlement with the United States Department of Justice for illegal use of banned pesticides.
  10. Environmental Focus: In recent years, Terminix has increasingly emphasized eco-friendly solutions and integrated pest management practices to minimize environmental impact.

These lesser-known facts highlight Terminix’s journey, innovations, and interactions with pop culture, shedding light on aspects of the company beyond its core pest control services.

Frequently Asked Questions (FAQs)

What is Terminix?

Terminix is one of the largest pest control companies in the world, offering a wide range of services to address pest-related challenges for residential and commercial customers.

When was Terminix founded?

Terminix was founded in 1927 by E. L. Bruce with the establishment of the Bruce Terminix Research Laboratory.

What services does Terminix provide?

Terminix provides pest control services for various pests, including termites, mosquitoes, bed bugs, rodents, and more. They also offer termite protection, wildlife control, and insulation services.

Where is Terminix based?

Terminix is based in Memphis, Tennessee, USA.

How does Terminix handle termite protection?

Terminix offers termite protection contracts that include regular inspections and guarantees against termite damage. They use advanced methods to detect, eliminate, and prevent termite infestations.

What are some of Terminix’s innovative products?

Terminix developed the environmentally safe mosquito bait called Attractive Targeted Sugar Bait and the all-natural mosquito repellent, AllClear.

How does Terminix emphasize environmental responsibility?

Terminix has introduced eco-friendly solutions and integrated pest management practices to minimize environmental impact and promote responsible pest control.

What are some notable acquisitions by Terminix?

Terminix has made several strategic acquisitions, including pest control companies in Mexico, Europe, and Canada, expanding its global reach and service offerings.

What legal challenges has Terminix faced?

Terminix has been involved in legal disputes, including lawsuits over work-related expenses and a settlement with the United States Department of Justice regarding illegal pesticide use.

Has Terminix been recognized in pop culture?

Yes, Terminix gained recognition in pop culture through advertisements, movie references, and parodies.

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