Rentokil Initial PLC ADR

RTO: XNYS (USA)
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North American Momentum Continues, Giving Us Further Faith in Successful Integration

Business Strategy and Outlook

Rentokil Initial is the largest pest control firm operating primarily in residential and commercial services. The industry is highly fragmented, with Rentokil, Rollins, and a few smaller global competitors, as well as over 40,000 regional and local players worldwide. Rentokil’s scale is a cost advantage, as its ability to spread fixed costs across a larger revenue base and its local route density contribute to industry-leading margins.

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