---
title: "2025 Home Services Platform League Table"
description: "The 9 largest U.S./global home services platforms by FY2024/25 revenue. Rentokil $6.8B, PoolCorp $5.3B, Rollins $3.76B, BrightView $2.77B, Davey $1.69B, TruGreen $1.5B, Tecta $1.4B, Leslie's $1.34B, Erie Home $609M."
slug: "home-services-platform-league-table-2025"
canonical: "https://mainstreetwealth.ai/resources/home-services-platform-league-table-2025"
collection: "resources"
collection_name: "M&A Resources & Insights"
author: "Sukhrobjon Ismoilov"
category: "market-trends"
date_published: "2026-05-22T14:04:06.605Z"
date_modified: "2026-05-22T14:04:06.754Z"
token_estimate: 2946
source: "https://mainstreetwealth.ai/resources/home-services-platform-league-table-2025.md"
---

# 2025 Home Services Platform League Table


> The 9 largest U.S./global home services platforms by FY2024/25 revenue. Rentokil $6.8B, PoolCorp $5.3B, Rollins $3.76B, BrightView $2.77B, Davey $1.69B, TruGreen $1.5B, Tecta $1.4B, Leslie's $1.34B, Erie Home $609M.

**Author:** Sukhrobjon Ismoilov  
**Published:** 2026-05-22  
**Updated:** 2026-05-22  
**Canonical:** https://mainstreetwealth.ai/resources/home-services-platform-league-table-2025

![2025 Home Services Platform League Table](https://mainstreetwealth.ai/home-services-infographics/10-platform-league-table.svg)

*Figure 10 — The nine largest U.S./global home services platforms ranked by latest reported revenue. Rentokil Initial leads at $6.8B (FY2024 pest control + hygiene), followed by PoolCorp at $5.3B (FY2025 distribution), Rollins at $3.76B (FY2025 pest control with 26 acquisitions during the year), BrightView at $2.77B (FY2024 commercial landscaping, 10th consecutive year at #1 of LM150), Davey Tree Expert Co. at $1.69B (employee-owned tree/landscaping), TruGreen at ~$1.5B (residential lawn care), Tecta America at ~$1.4B (commercial roofing, self-reported 2023), Leslie's at ~$1.34B (FY2025 pool retail), and Erie Home at $609M (FY2024 residential roofing, acquired by Leaf Home in September 2025).*

# 2025 Home Services Platform League Table

Across the six major home services verticals, a distinct hierarchy of platform leaders has emerged. This league table compiles the nine largest by latest reported revenue, drawing on the most recent 10-K filings, LM150 rankings, Roofing Contractor Top 100, and reliable private-company estimates.

## The league table

| Rank | Platform | Vertical | Latest revenue | Notes |
|------|----------|----------|----------------|-------|
| 1 | **Rentokil Initial** | Pest control + hygiene | **$6.8B** (FY2024) | LSE: RTO. Owns Terminix (acq. 2022 for $6.7B). World's largest pest control. |
| 2 | **PoolCorp** | Pool distribution | **$5.3B** (FY2025) | NASDAQ: POOL. ~455 sales centers globally. Owns Pinch A Penny since 2021. |
| 3 | **Rollins, Inc.** | Pest control | **$3.76B** (FY2025) | NYSE: ROL. **26 acquisitions in 2025**. Brands: Orkin, HomeTeam, Western, Trutech. |
| 4 | **BrightView** | Commercial landscaping | **$2.77B** (FY2024) | NYSE: BV. **10 consecutive years at #1** of LM150. KKR-backed origin. |
| 5 | **Davey Tree Expert Co.** | Tree care + landscaping | **$1.69B** (FY2024) | Employee-owned. Multi-service model. |
| 6 | **TruGreen** | Residential lawn care | **~$1.5B** | Memphis, TN. Private; estimate from LM150 + advisor data. |
| 7 | **Tecta America** | Commercial roofing | **~$1.4B** (2023, self-reported) | Largest U.S. commercial roofer. Bloomberg cited $3–4B potential EV in 2024. |
| 8 | **Leslie's** | Pool retail | **~$1.34B** (FY2025) | NASDAQ: LESL. 950+ stores. Distressed equity through 2025. |
| 9 | **Erie Home** | Residential roofing | **$609M** (FY2024) | Acquired by Leaf Home (Gridiron Capital), Sept 2025. RC Top 100 #4. |

## Pest control dominates the top 3

Two of the top three platforms by revenue are pest control companies — Rentokil/Terminix at $6.8B and Rollins at $3.76B. The dominance reflects three structural advantages of the trade:

1. **Subscription economics.** 75–80% recurring revenue mix gives the leaders predictable, compoundable cash flow.
2. **Global scalability.** Pest control transcends regional construction cycles; Rentokil operates across 70+ countries and Anticimex (privately held by EQT) across 21 countries.
3. **Three-decade institutional infrastructure.** Both Rollins (publicly traded since 1968) and Rentokil (originally listed in 1969) have had public-market discipline driving operational excellence for generations.

For deeper analysis of the pest control giants and their competitive dynamics, see our [pest control industry page](https://mainstreetwealth.ai/industries/pest-control) and [Pest Control Giants infographic](/home-services-infographics/04-pest-control-giants.svg).

## PoolCorp: the only distributor in the top tier

PoolCorp at #2 with $5.3B is the only distribution-focused platform in the top tier. The other eight are services or retail. The company operates from approximately 455 sales centers across North America, Europe, and Australia, distributing to roughly 120,000 wholesale customers — pool service operators, retailers, and builders.

The strategic importance of PoolCorp's position is significant for downstream M&A: any PE consolidator looking to build a Sunbelt pool service roll-up will be acquiring operators who already buy from PoolCorp. The distribution-service relationship is symbiotic.

For more, see our [pool services industry page](https://mainstreetwealth.ai/industries/pool-services) and [Pool Services M&A infographic](/home-services-infographics/06-pool-services-ma.svg).

## BrightView's 10-year hold at #1 in landscaping

**BrightView Holdings** (NYSE: BV) has now held the #1 position on the Landscape Management LM150 for **10 consecutive years**. FY2024 revenue of $2.77B and FY2025 record adjusted EBITDA put it well ahead of #2 Davey Tree Expert Co. ($1.69B).

What makes BrightView's position more interesting in 2026 is the company's explicit decision to **pause acquisitions for 11+ quarters** in favor of share buybacks at 7.5x EBITDA, judging that purchase prices for landscaping companies (8–9x EBITDA) offer worse value than the company's own stock. That discipline creates room for newer PE platforms (Trinity Hunt's May 2026 Elevation Landscape Group launch, Yellowstone, SavATree, Juniper) to acquire targets BrightView passes on.

For more, see our [landscaping industry page](https://mainstreetwealth.ai/industries/landscaping) and [Landscaping M&A infographic](/home-services-infographics/05-landscaping-ma.svg).

## Roofing platform scale gap

Roofing has high deal volume (134 PE platform deals projected in 2025) but the largest residential roofing platform — Erie Home — sits at only $609M revenue. That's roughly one-fifth of BrightView and one-third of Davey Tree. The gap reflects:

1. **Recent consolidation.** Roofing platform formation accelerated mostly in 2021–2025; the sector hasn't yet had a multi-decade roll-up like pest control or landscaping.
2. **Project vs. service revenue.** Roofing is mostly project-based, so revenue compounds slower than recurring-service platforms with similar customer counts.
3. **Geographic specialization.** Many roofing PE platforms are intentionally regional (storm-restoration heavy in Texas/Colorado; commercial-focused in the Northeast) rather than national.

The largest commercial roofer — Tecta America at ~$1.4B revenue (self-reported 2023) — does compete in scale, and Bloomberg noted in late 2024 that Tecta could be valued at $3–4B in a sale process. As of mid-2025, no transaction had been announced.

For more, see our [roofing industry page](https://mainstreetwealth.ai/industries/roofing) and [Roofing M&A infographic](/home-services-infographics/03-roofing-ma.svg).

## What's missing from this list

The league table captures the largest platforms by reported revenue, but several major roll-ups are notably absent because they're privately held with limited financial disclosure:

- **Apex Service Partners** — $3.4B continuation valuation (May 2025), $8.06B total raised. Likely $1–2B+ revenue range, but not publicly disclosed. Would rank in the top 5 if revenue were known.
- **Wrench Group** — Leonard Green-backed national HVAC + plumbing platform across major metros. Significant scale but private.
- **Anticimex** — SEK 60B EV (~$5.6B) per 2021 EQT long-hold transaction. Revenue not publicly disclosed but likely $1.5–2.5B.
- **Service Experts** — Lennox subsidiary. Major HVAC/plumbing residential platform.
- **Roofing Corp. of America** — Top 5 RC '25, Gamut Capital-backed. Revenue not publicly disclosed.

When private-company revenue is added in, Apex, Wrench, and Anticimex would each likely rank in the top 5–10 of the home services league table, displacing some of the smaller platforms shown.

## What this means for owners

Three takeaways for owners thinking about a sale:

1. **Scale concentrates at the top.** The largest 10 platforms account for the majority of M&A capital deployed in the trades, but the next 30–50 PE-backed regional platforms account for the majority of *deal count*. Most $1–10M EBITDA owners will sell to a regional platform, not directly to the public-market giants.

2. **Public platforms set valuation benchmarks.** Rentokil, PoolCorp, Rollins, BrightView, and Leslie's together provide public-market reference points that influence what private buyers will pay. Tracking their multiple expansion or compression (BrightView at 7.5x; Pool at higher) helps inform private-market expectations.

3. **The platform premium is real.** Acquiring institutional capital pays 16–24x EBITDA for platform-scale businesses (Home Alliance) and 5–11x for individual operators. The economic engine of every PE roll-up is multiple arbitrage between those two levels.

For specifics on individual verticals, see our [HVAC](https://mainstreetwealth.ai/industries/hvac), [plumbing](https://mainstreetwealth.ai/industries/plumbing), [roofing](https://mainstreetwealth.ai/industries/roofing), [pest control](https://mainstreetwealth.ai/industries/pest-control), [landscaping](https://mainstreetwealth.ai/industries/landscaping), [pool services](https://mainstreetwealth.ai/industries/pool-services), and [other home services](https://mainstreetwealth.ai/industries/other) industry pages.

## Bottom line

Pest control dominates the top of the home services league table. PoolCorp anchors distribution. BrightView leads landscaping. Roofing has high deal volume but smaller individual platform scale. Below the public-market giants, the next 30–50 PE-backed regional platforms drive the bulk of M&A deal flow. For owners with $1M+ of EBITDA in any of the six major verticals, this is the strongest seller's market in home services history.

---

## Sources

1. Rentokil Initial, [2024 Annual Results](https://www.ad-hoc-news.de/news/ueberblick/rentokil-initial-stock-gb00b082rf11-integration-progress-and-earnings/69384618) ($6.8B FY2024 revenue)
2. PoolCorp, [2025 10-K Annual Report](https://www.sec.gov/Archives/edgar/data/945841/000119312526058288/pool-ex99_1.htm) ($5.3B FY2025 net sales, ~455 sales centers)
3. Rollins, Inc., [2025 Q4 and Full Year Earnings](https://www.rollins.com/investors/press-releases/detail/426/rollins-inc-reports-fourth-quarter-and-full-year-2025-financial-results) ($3.76B FY2025, 26 acquisitions)
4. BrightView, [Q4 and FY2025 Earnings](https://www.brightview.com/resources/press-release/brightview-posts-q4-and-fy-2025-earnings-record-adjusted-ebitda) ($2.77B FY2024 revenue per LM150)
5. Landscape Management, ["LM150 2024 rankings"](https://www.landscapemanagement.net/lm150-2024-rankings-the-industrys-top-150-revenue-generating-firms/) (Davey Tree $1.69B, TruGreen ~$1.5B)
6. Roofing Contractor, ["Is Tecta America for Sale?"](https://www.roofingcontractor.com/articles/100170-is-tecta-america-for-sale) (~$1.4B 2023 self-reported, Bloomberg cited $3–4B EV)
7. Roofing Contractor, ["Gridiron Capital-backed Leaf Home to Acquire Erie Home"](https://www.roofingcontractor.com/articles/101281-gridiron-capital-backed-leaf-home-to-acquire-erie-home) ($609M FY2024 revenue, Sept 2025)
8. Leslie's, Inc., [Q4 & FY2025 Financial Results](https://ir.lesliespool.com/news-events/press-releases/detail/216/leslies-inc-announces-fourth-quarter-fiscal-2025) (~$1.34B FY2025 estimated)
9. Alpine Investors, [Apex Service Partners $3.4B Continuation](https://alpineinvestors.com/update/single-asset-continuation-transaction-apex-service-partners/) (private; for context only)
10. EQT Group, [Anticimex SEK 60B Long-Hold Valuation](https://eqtgroup.com/news/2021/eqt-introduces-longer-hold-investment-strategy-announces-first-investment-in-anticimex/) (private; for context only)