|12 Months Ended|
Dec. 31, 2015
|Business Combinations [Abstract]|
The Company has made 12, 12, and 21 acquisitions that are not material individually or in total to the Companys consolidated financial statements during the years ended December 31, 2015, 2014, and 2013, respectively. The largest acquisitions made during these periods are as follows:
The Company completed its acquisition of Critter Control on February 27, 2015. Critter Control was established by Kevin Clark in 1983 and is headquartered in Traverse City, Michigan. The business is currently 100% franchised, operating in 40 states and 2 Canadian provinces.
Rollins Australia, a wholly-owned subsidiary of the Company, acquired Allpest WA (Allpest), in February 2014. Allpest was established in 1959 and is headquartered in Perth, Australia. Allpest provides traditional commercial, residential, and termite service as well as consulting services on border protection related to Australias biosecurity program and provides specialized services to Australias mining and oil and gas sectors.
Acquisition of Wilco Enterprises, Inc. (sole holder of PermaTreat Exterminating Company, Inc. d/b/a PermaTreat Pest Control, Inc.) (PermaTreat) The Company completed the acquisition of PermaTreat effective August 1, 2014. PermaTreat is a leading pest control company located in Central and Northern Virginia and was founded in 1967. The Company issued 873,349 shares of its $1 par value common stock valued at $18.79 per share to Joseph R. Wilson and Jack Broome.
Total cash purchase price for the Companys acquisitions in 2015 and 2014 were $33.5 million and $63.3 million, respectively.
The fair values of major classes of assets acquired and liabilities assumed along with the contingent consideration liability recorded during the valuation period of acquisition is included in the reconciliation of the total consideration as follows (in thousands):
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).
Reference 1: http://www.xbrl.org/2003/role/presentationRef
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