Citation Capital, a private equity firm based in Dallas that specializes in partnering with founder- and family-led businesses, has announced the acquisition of a majority stake in Aptive Environmental, a Provo-based pest control company. Aptive’s co-founder and CEO, Vess Pearson, along with the leadership team, will retain significant interest in the company, the announcement said.
Founded in 2015, Aptive has rapidly become a leading residential pest control company, servicing over 500,000 households. Aptive offers a range of pest prevention services with its approximately 4,000 employees.
“We are thrilled to partner with Citation as we embark on this next chapter of growth for Aptive,” said Pearson. “Citation’s investment in Aptive underscores the exceptional company we have built over the past decade. We look forward to driving further growth in partnership with Citation and continuing to carry out our mission of providing top-tier services and helping people to better enjoy their homes.”
“Aptive embodies key characteristics that align with our investment approach of backing exceptional, defensible founder-led businesses,” said Tiffany K. Hagge, founder and managing partner of Citation. “Vess and his leadership team have achieved remarkable growth, scaling Aptive to be one of the largest residential pest control service providers in North America. We are excited to work in lockstep with them to continue to expand the business both organically and inorganically.”