Pictured left to right: Sam Hagopian, Sam Hagopian III, Ryan Fowley, Ed Heller, Jerry Lubrano Jr., Stuart Aust, Daniel Aust, Nick Aust, and Chris Aust; Brady Lubrano (not pictured)
Pictured left to right: Sam Hagopian, Sam Hagopian III, Ryan Fowley, Ed Heller, Jerry Lubrano Jr., Stuart Aust, Daniel Aust, Nick Aust, and Chris Aust; Brady Lubrano (not pictured)
The Aust Group is pleased to announce the most recent acquisition of their client, Twin Boro Termite & Pest Control Inc., located in Westwood, NJ to Excel Termite & Pest Control headquartered in River Edge, NJ. The Aust Group represented Twin Boro as the exclusive financial advisor on this transaction. The transaction closed on January 15th, and the terms of this transaction were not disclosed.
In 1976, Gerald “Jerry” Lubrano formed Twin Boro Termite & Pest Control, a primarily residential pest and termite control company servicing over 1,500 homes each year in northern New Jersey, specifically Bergen County. Known for their bright yellow service trucks, Twin Boro served as pioneers for marketing and advertising in the pest control industry. The vehicles became so popular among customers that Twin Boro adopted the slogan: “You’ve Seen Our Yellow Trucks.”
Unfortunately, Jerry Lubrano passed away in February of 2019 after running Twin Boro since he was 23 years old. In Jerry's absence, service manager, Ed Heller operated Twin Boro along with key employees Teddy Calderon and Mary Lynch. Ed Heller and the rest of the staff plan to remain with Excel Termite and Pest Control and continue the legacy of Jerry Lubrano. Brady Lubrano, the daughter of Jerry Lubrano, said: “Thank you very much to The Aust Group for guiding and representing us with the sale of our father’s business. We are happy with the new owners and know Twin Boro’s existing customers will be too.”
With regards to the transaction, Stuart Aust commented, “For a company with such an incredible history, it was a real honor to serve as an advisor on behalf of Twin Boro. Growing up in Washington Township, New Jersey, my parents were clients of Twin Boro as they were the premier pest control company in our area. I remember seeing the yellow trucks everywhere – they were hard to miss! We are glad to see the Twin Boro legacy live on with the acquisition by such a reputable company in Excel Termite & Pest Control.”
“Over the past 40 years, Jerry Lubrano and the Twin Boro staff built one of the most recognizable companies in Northern New Jersey, and we are very excited to partner with them,” said Sam Hagopian, President of Excel Termite & Pest Control. “Twin Boro is a great fit because we share the same core values and commitment to both our employees and customers. With our resources, we will be able to build upon that commitment and prosper into the future together.”
For more information regarding the sale of your business, Stuart Aust can be reached at 772-299-8534 or stuart@theaustgroup.com.