Orkin Issues M&A Update, Says It Made 7 Acquisitions During Q1

Orkin, a pest control company and fully-owned subsidiary of Rollins, Inc. ROL issued an update to its M&A activity.

Orkin said it completed seven separate acquisitions in the U.S. during the first quarter of 2016 as part of an ongoing initiative to grow market share within the residential and commercial pest control segment.

The acquisitions occurred in California, Washington, Texas and Atlanta, Georgia.

"These acquisitions add to our existing strong business in our primary service lines of residential, commercial, and termite operations. They all bring experienced team members, established customer relationships, and excellent customer service expertise. In this competitive acquisition market, we continue to keep strong opportunities in our pipeline, and I'm pleased these owners recognize that Orkin's approach presents the most compelling value proposition for all constituents," said Gene Iarocci, president Orkin North America.

Shares of Rollins were trading higher by nearly 0.50 percent Friday morning.