LBS Group has acquired Perfection Pest Management SDN. BHD. in Malaysia
On November 28, 2024, LBS Group officially announced the completion of the acquisition of PERFECTION PEST MANAGEMENT SDN. BHD. (hereinafter referred to as "PERFECT") in Malaysia. This strategic move marks a significant step forward in the LBS Group's expansion in the Asian market and further strengthens the Group's determination and capability “To become the number one hygiene and pest control company in Asia”.
About PERFECT
Since its establishment by Mr. Yeow Ee Fan in 2014, PERFECT has rapidly grown to become a leader in the pest control industry in Malaysia. The company has not only received official registration and approval from the Malaysian Ministry of Agriculture's Pesticide Board, becoming a licensed Pest Control Operator (PCO), but has also accumulated industry experience over more than a decade. Currently, PERFECT's services cover seven federal territories or states, including Kuala Lumpur and Malacca, as well as 150 administrative districts, providing excellent services to over 300,000 household users and 100,000 commercial users. In addition, PERFECT has received numerous awards, including the Asia Honesty Award, highlighting its leading position in the industry.
About LBS
LBS Group was established in Hong Kong in 1998, and has always focused on pest control and hygiene services. Over the past 26 years, LBS Group has remained true to its original aspiration, continuously strengthening its brand foundation, enhancing its professional standards, and striving to become a leader in the hygiene industry. Currently, LBS Group has 1,200 employees, over 500 of whom hold PCO qualification certificates. The Group's business been expanded to more than 30 cities across the Cross-strait four regions and Southeast Asia, covering over 200 major cities in regions such as Hong Kong, Macau, Taiwan, Southern China, Eastern China, and Central/Western China, providing professional pest control and hygiene management products and services to clients in various industries, including catering, hotels, property management, factories, and industrial estates.
Accelerating expansion, reaching new heights
After the strong partnership with Advent International in 2023, LBS Group's expansion continues to accelerate. In 2024, the Group acquired Mars Brothers Technology (Beijing) Co., Ltd. and Guangzhou Mingjie Pest Management, and has now successfully brought PERFECT under its ownership. This undoubtedly injects strong momentum into LBS Group's vision of becoming the leading hygiene and pest control company in Asia.
Hand in hand, creating the future together
Mr. Franco Lam, Chairman of LBS Group, stated: "As a leader in the pest control field with over a decade of experience, PERFECT has strong technical support, rich customer resources, and a great reputation in Malaysia. This acquisition will enable us to better integrate industry resources, technologies, and customer experiences, providing higher quality services to more customers in Asia."
Mr. Yeow Ee Fan, the founder of PERFECT, also expressed high expectations and honor regarding the collaboration with LBS Group. He stated: "With the support of LBS Group, we will continue to leverage our strengths to assist LBS in further expanding into the Malaysian market, jointly achieving the grand goal of becoming the number one hygiene and pest control company in Asia."
Mr. Franco Lam, Chairman of LBS Group | Mr. Yeow Ee Fan, Founder of PERFECT
Mr. Franco Lam, Chairman of LBS Group | Ms. Dorothy Lam, Vice Chairman of LBS Group | Mr. Yeow Ee Fan, Founder of PERFECT | Ms. Peggy Chu, PERFECT
Mr. Franco Lam, Chairman of LBS Group | Ms. Dorothy Lam, Vice Chairman of LBS Group | Mr. Joe Yiu, COO of LBS Group | Ms. Beryl Guo, CFO of LBS Group | Mr. Evan Yang, M&A Director of LBS Group | Mr. Ivan Jia, Strategy Director of LBS Group | Ms. Annie Huang, M&A Finance Director of LBS Group
Looking to the future, creating brilliance together
With the steady growth of the global pest control market, LBS Group will seize opportunities, continuously enhance technological innovation, improve service levels, and strengthen brand influence to create a safer and healthier living and working environment for people. This acquisition not only recognizes the strength of Advent International and LBS Group, but also represents a hopeful expectation for future development. LBS Group will join hands with PERFECT to embark on a new chapter, writing a brilliant future in the field of hygiene and pest control in Asia!
