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David Royce

๐Ÿ‘ค Speaker
805 total appearances

Appearances Over Time

Podcast Appearances

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

they grow about half of their growth is M&A.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And so each quarter they have to hit certain growth targets and they buy up companies.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And what they really want is not the brand.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

They just want the customer base with the corresponding technician.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And so what I was able to do was I didn't have a lot of capital.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

In fact, I almost bankrupt my first company.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And I realized, hey, if I have more capital, I can expand a lot faster and I'm not going to be limited in my growth.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And so that was the primary reason why I did it.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And I sold, so I sold the first one, just sold off the customer base and the score swine technicians, but I kept the golden goose, which was the Salesforce, the executive team and a key operator in each location.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

Then I started my second one, eco first.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And that was more of an experiment of, okay, can we scale?

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

Can we go into four different States, you know, immediately right off the bat and have it still hold itself together.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

Whereas before I was just in Southern California and

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

and I would go back and forth between each location.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And so I was still there and able to see it, and I could feel comfortable with how the business was operating.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

But I took my four very best managers and had them go open up locations.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

Things went really well the first year, said, okay, let's open up four more.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

And then we just kept opening up states.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

I think we were in nine states by the end of that business.

The Level Up Podcast w/ Paul Alex
From Broke College Kid to $500M Pest Control Empire โ€” David Royce Explains

But it was a great way to learn how to run a regional company and how to operate from afar with people and provide a lot more opportunity to my operations managers.