Acquisition Announcement: Safeway Pest Control
NEW MILFORD, Conn. – December 14, 2023 – Cetane Associates (“Cetane”), a financial advisory and transaction firm providing M&A expertise to the home services industries, is pleased to announce that Moyer & Son, Inc. (“Moyer”), of Souderton, Pa. has acquired the business assets related to the pest control, rodent, termite, and service business of Safeway Pest Control, Inc. (“Safeway Pest Control”), a Pennsylvania corporation. The transaction was completed on December 13, 2023.
In 1996, John Wechter founded Safeway Pest Control with a drive to provide exceptional service to the Delaware Valley area. Over the past three decades, Safeway Pest Control has grown from its traditional pest control and rodent work to develop large commercial customers and to take on service work for other pest control companies. John’s strategy increased revenue and created repeat demand in the populous southeast suburb of Philadelphia. Founder and owner John Wechter comments, “From the beginning, we’ve focused our business on unsurpassed, excellent, and safe service for our residential and commercial customers. This transaction with Moyer ensures that our mission will continue to be met.” John also states, “My thanks to the outstanding professionals at Cetane Associates. They gave us terrific guidance and results!”
Moyer was founded in 1869 as Moyer & Son. What began as a small feed mill in Souderton, Pa. has grown into a widely diversified residential and commercial services company serving customers throughout Southeastern Pennsylvania and parts of New Jersey and Delaware. Homeowners and businesses have trusted the experts at Moyer Pest Control to keep their spaces pest-free for over 30 years. “We are proud to be a family-owned business and take great care in serving our customers well,” says David Moyer, president of Moyer. “We look forward to welcoming Safeway Pest customers to the Moyer family and continuing to provide them with excellent service.” In addition to Pest Control, Moyer’s nine service divisions include Heating & Air Conditioning, Plumbing, Water Quality, Heating Fuels, Propane, Lawn Care, Tree & Shrub Care and Pool & Spa Care.
Bob Williamson, Pest & Lawn Director at Cetane Associates, comments, “We are grateful for the confidence that Safeway Pest Control put in the Cetane team to handle this important transaction. John built a great company and it was a pleasure to work with him throughout the process.”
Cetane served as the sole arranger to Safeway Pest Control. Cetane advised on the sale, including an initial valuation opinion, marketing the business through a confidential process, assisting in negotiating the final deal terms, and coordinating the due diligence process. Team members Bob Williamson, Barrett Conway, Trey Brasseaux, and Dalton Brooks managed the transaction.