ATLANTA–(BUSINESS WIRE)–April 3, 2008–Rollins, Inc. (NYSE: ROL), a premier North American consumer services company, announced today that it has completed its acquisition of subsidiaries of Centex Corporation (NYSE: CTX), through the purchase of assets, its pest control business, HomeTeam Pest Defense for a cash payment of approximately $137 million. HomeTeam Pest Defense recorded revenues of $134 million in 2007 related to its pest control business.Prior to the acquisition, HomeTeam Pest Defense was established in 1996 and was recognized as a premier pest control business and ranked as the 4th largest company in the industry. Based in Dallas, TX, the company is the #1 pest management company servicing home builders with over 1,500 builder partners nationally and over 400,000 customers from over 50 branches.
Glen Rollins, Vice President of Rollins, Inc. and President of Orkin, Inc., who along with HomeTeam’s leadership, is currently visiting with HomeTeam’s co-workers commented, “We are impressed by the broad talent of the HomeTeam associates and look forward to learning a great deal from them. Working together, HomeTeam will be a great addition to our already outstanding Rollins team as we will improve operations and better serve over 2 million customers.”