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Randall Rollins

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Randall Rollins
Born(1931-11-05)November 5, 1931
Ringgold, Georgia, US
DiedAugust 17, 2020 (aged 88)
Atlanta, Georgia, U.S.
NationalityAmerican
OccupationChairman of Rollins Inc.
SpousePeggy Hastings
Children5
Parent(s)O. Wayne Rollins
Grace Crum Rollins
RelativesGary Rollins (brother)
John W. Rollins (uncle)

Richard Randall Rollins (November 5, 1931 – August 17, 2020) was an American billionaire businessman, and the chairman of Rollins Inc., the US's largest pest control conglomerate, which includes the Orkin Exterminating Company.[1][2] Rollins was a veteran of the U.S. coast guard.[3]

Early life

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R. Randall Rollins (known as "Triple R") was born on November 5, 1931, in Georgia.[3][4] He was the son of O. Wayne Rollins, and Grace Crum Rollins.[2][5] He had a younger brother Gary Rollins.[6] Rollins grew up on his grandparents' farm near Ringgold, Georgia.[7] His father and his uncle, John W. Rollins, would later move on from farming to business ventures.[3] After he graduated high school, Randall worked for his uncle and father, and learned company operations.[3] He then served in the United States Coast Guard until 1953.[7][8]

Career

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His father and uncle purchased a radio station in Radford, Virginia which became the Rollins Broadcasting company.[9] His uncle also owned the Rollins Leasing company. After his Coast Guard discharge, Randall went to work for both family companies.[3] In 1961, Rollins Broadcasting went public.[2] By 1964, Rollins Broadcasting grew to 10 radio and TV stations. That same year the company had the fourth largest outdoor advertising company in the U.S.. The company diversified to citrus farms and personal hygiene when it acquired Satin Soft cosmetics.[10]

In 1964, Rollins Broadcasting purchased the Orkin Exterminating Company for $62.4 million in the first leveraged buyout in the history of the U.S.[3][10] Randall was named the head of Orkin while he continued to work on expanding Rollins Broadcasting. His brother Gary worked alongside him on the family businesses, under the umbrella of Rollins Inc.[3] By 1969, Rollins’ revenues had grown to more than $106 million.[11]

In 1984, Rollins Inc. split into three companies, all publicly traded. Rollins, Inc. (pest control via Orkin), Rollins Communications (media and advertising), and RPC Energy Services Inc. (oil and gas services). Randall was named the president and chief operating officer of Rollins Communications, the chairman of the board of Rollins Inc., and the chairman of the board, chief executive officer, president, and chief operating officer of RPC Energy Services.[3][8] In 2001, Marine Products Corporation formed as a spinoff company from RPC Energy Services. He was also chairman of Marine Products Corporation. The company manufactures fiberglass boats under brands Chaparral, Robalo and Vortex.[12] He was also director of Dover Downs Gaming and Entertainment, Inc, and Dover Motorsports.[13]

In 2014, Rollins was listed on The Forbes 400 list. He was ranked No. 225 due to his estimated net worth of $2.7 billion.[8] In August 2020, Forbes estimated his net worth at US$5.1 billion, ranking him 148 on the Forbes 400.[6]

Philanthropy

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In 1991, he and his wife Peggy established the Peggy and Randall Rollins Foundation, which would later be renamed the Ma-Ran Foundation. The charitable foundation primarily supports organizations and projects pertaining to education, health organizations, community resources, human services, and faith-based initiatives.[14] In July 2016, Randall and Peggy donated $1 million through the Ma-Ran Foundation to create the new Lewes Public Library in Lewes, Delaware. The former Lewes library was renamed the Margaret H. Rollins Community Center.[15]

Rollins donated to various Atlanta-based organizations, including the Winship Cancer Institute; he also helped establish the Rollins School of Public Health in 1990.[16] In 2018, the R. Randall Rollins Charitable Lead Annuity Trust and the O. Wayne Rollins Foundation issued donations to Children’s Healthcare of Atlanta.[17] In 2019, the foundation donated $65 million to fund the R. Randall Rollins building at Emory.[18] The foundation has also the Candler School of Theology and the O. Wayne Rollins Research Center.[19]

In 2020, Randall and Peggy donated $1 million to the COVID-19 Relief Fund at Beebe Healthcare.[20]

In March 2022, after Randall’s death in 2020, the Beebe Medical Foundation announced it had received a $3 million gift from the Rollins family to found the R. Randall Rollins Center for Medical Education.[21]

Controversies

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In August 2010, the four children of Randall’s brother Gary filed a lawsuit against both Gary and Randall that alleged mismanagement of the children’s trust.[22] His nephew, Glen Rollins, the lead plaintiff married to Danielle, sued over "rightful cash allocations".[2] Glen's three siblings have all joined him in the lawsuit, as did his mother Ruthie, who filed for divorce from Gary at about the same time. Randall Rollins' five children took their father's and Gary's side in the suit. Glen and Danielle have also begun divorce proceedings. The family's "pest control empire" is worth about $8 billion.[2]

Following nine years of litigation, the parties reached a confidential settlement agreement.[23]

Personal life

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He was married to Peggy Hastings in 1953[24] They had a total of six children.[2][24][25] While living in Lewes, Delaware, the couple had their two eldest children. The family would later relocate to Wilmington, DE before making their home in Atlanta, Georgia.[24] One of his children, Rita Anne Rollins, predeceased Randall. The other Rollins children are Richard, Pamela, Robert, Timothy, and Amy.[3]

He and his wife were members of the Lewes Yacht Club.[3]

Rollins died on August 17, 2020, after a "brief illness", aged 88.[25]

References

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  1. ^ "Pest control U.S. company ranking by revenue 2020". Statista. Retrieved June 28, 2022.
  2. ^ a b c d e f O'Connor, Clare (September 29, 2014). "Inside An $8 Billion Family Feud: Who Poisoned The Orkin Fortune?". Forbes. Retrieved August 27, 2015.
  3. ^ a b c d e f g h i j "Business leader, philanthropist R. Randall Rollins dies in Georgia after short illness". Cape Gazette. Retrieved June 28, 2022.
  4. ^ Drury L. Pifer (2001). Hanging the Moon: The Rollins Rise to Riches. University of Delaware Press. p. 64. ISBN 978-0-87413-744-6. Retrieved August 27, 2015.
  5. ^ "Grace Rollins Obituary – Atlanta, GA | Atlanta Journal-Constitution". legacy.com. Retrieved September 9, 2016.
  6. ^ a b "Randall Rollins". Forbes. March 1, 2016. Retrieved August 18, 2020.
  7. ^ a b R. Randall Rollins-obituary
  8. ^ a b c Ponciano, Jonathan. "Atlanta-Based Pest Control Billionaire Randall Rollins Dies At 88". Forbes. Retrieved June 28, 2022.
  9. ^ "For the Love of Quail". Garden & Gun. Retrieved June 28, 2022.
  10. ^ a b "Rollins Proposes To Acquire Orkin For $62.4 Million". The New York Times. June 20, 1964. ISSN 0362-4331. Retrieved June 28, 2022.
  11. ^ "Rollins, Inc. Makes New York Stock Exchange History". PCT - Pest Control Technology. Retrieved June 28, 2022.
  12. ^ David (August 20, 2020). "Marine Products Corporation announces the passing of its Chairman | Boating Industry". boatingindustry.com. Retrieved June 28, 2022.
  13. ^ "Directors". Archived from the original on September 24, 2015. Retrieved August 27, 2015.
  14. ^ "Ma-Ran Foundation Profile: Commitments & Mandates | PitchBook". pitchbook.com. Retrieved June 28, 2022.
  15. ^ Hughes, Gray. "Couple donates $1M to new Lewes Library". The Daily Times. Retrieved June 28, 2022.
  16. ^ Tudor, Martha Anne (August 21, 2020). "Randall Rollins, 88, built a business empire". Atlanta Journal-Constitution. Retrieved October 6, 2020.
  17. ^ Children's Healthcare of Atlanta Foundation. “Children’s Healthcare of Atlanta - Choa.org.” CHOA , Children's Healthcare of Atlanta, https://www.choa.org/~/media/files/Childrens/donors-and-volunteers/about-foundation/donor-list.pdf .
  18. ^ "Rollins Foundation gift to Emory University advances public health | Emory University | Atlanta GA". news.emory.edu. Retrieved June 28, 2022.
  19. ^ Nietzel, Michael T. "Emory University Announces $100 Million Gift For Public Health". Forbes. Retrieved June 28, 2022.
  20. ^ "Ma-Ran Foundation donates $1M to Beebe COVID-19 Relief Fund". Coastal Point. May 21, 2020. Retrieved June 28, 2022.
  21. ^ "$3 Million Ma-Ran Foundation Gift to Name R. Randall Rollins Center for Medical Education at Beebe Healthcare". Beebe Healthcare. Retrieved June 28, 2022.
  22. ^ Piralte, Paul. “Money Squabbles Thrust Prominent Atlanta Family into Limelight.” Philanthropy News Digest, Philanthropy News Digest, https://philanthropynewsdigest.org/news/money-squabbles-thrust-prominent-atlanta-family-into-limelight .
  23. ^ Rankin, Bill. "Settlement reached in heated family dispute over Rollins fortune". The Atlanta Journal-Constitution. ISSN 1539-7459. Retrieved June 28, 2022.
  24. ^ a b c "The Family Behind a Transformative Gift: Meet the Rollins Family". Beebe Healthcare. November 9, 2017. Retrieved June 28, 2022.
  25. ^ a b Pesta, Danielle (August 18, 2020). "IN MEMORIAM: R. Randall Rollins". Pest Management Professional. Retrieved August 18, 2020.
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