The pest control services industry includes firms that are involved in the professional management of termites, pests, rodents as well as other species, which are dangerous to the environment and can lead to health issues. The industry services both residential customers and commercial businesses. One of the main functions of pest control service providers is to sustain hygienic surroundings free of pests, which could damage commercial interests aside from posing a threat to one’s health. The demand of pest control services saw significant growth over the last ten years because of increased awareness and outbreak of many communicable diseases. The analysts project the Global Pest Control Services market to grow at a Compound Annual Growth Rate (CAGR) of 5.29% over a timetable from 2014-2019.
The pest control industry consists of an estimated 11,000 companies that employ approximately 106,000 employees and generate about $12 billion annually. The industry is concentrated at the top and divided at the bottom; the main four firms account for almost 25% of industry sales. The majority of pest control services providers are small, independent companies or franchises. The Southeast region has the largest share of industry establishments, projected to hold 38.7% of the total in 2015. Common pests that turn up in Florida include ants, termites and cockroaches, as the state has 14.4% of total industry establishments.
With that being said one company that has solidified their position within this industry over the last year is Enviro-Serv, Inc (OTCMKTS: EVSV). Enviro-Serv targets highly profitable small service companies in the residential and commercial property maintenance industry. Back in July the company closed a franchising agreement with Pestmaster Services in Tampa Bay, Florida. As of Oct. 5th the company announced Pestmaster Services Tampa a wholly owned subsidiary of Enviro-Serv, announced a second year renewal of Tampa VA Hospital Pest Contract worth potentially $307,000.00. Next on Oct. 14th the CEO issued a shareholder update announcing the company closed the third quarter with record gross profits and revenues. The company is currently finalizing their financials and has stated they will be filing on the OTCMarkets.com by Nov.15th.
About Enviro-Serv, Inc.
Enviro-Serv, Inc (OTCMKTS: EVSV) is a Tampa based corporation specializing in providing property maintenance services in geographically concentrated warm climate states. Through an aggressive acquisition strategy, the Company is building a portfolio of highly profitable enterprises that offer year round services such as pest control management, lawn and landscaping care, pool maintenance, air conditioning/refrigeration installation and repairs and a host of additional onsite maintenance offerings.