India, Sept. 22 -- Rentokil Initial plc (RTO.L), a pest control and hygiene services company, on Tuesday said it has agreed to sell SOLitude Lake Management LLC and its Vertex Aquatic Solutions division to private investment firm Bain Capital for $230 million.
The transaction is part of the company's efforts to simplify the group and focus on its highest-opportunity markets and categories. The consideration is on a cash-free, debt-free basis, with estimated net cash proceeds after tax of about $180 million.
SOLitude, which provides services including ongoing lake and pond management, shoreline restoration, and water quality control, had generated revenue of $112 million and adjusted operating profit of $16 million in 2025.
The transactio...