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New Deal


Announced

Completed

Carlyle Group and TA Associates completed their acquisition of Weiman Products from Cortec Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cleaning products

Private

Private Equity

United States

Household Equipment and Products

Acquisition

Completed

Single Bidder

Friendly

Majority

Synopsis

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Global investment firm Carlyle Group and global growth private equity firm TA Associates completed the acquisition of Weiman Products, a Gurnee, IL-based manufacturer and distributor of specialty cleaning products for multi-billion dollar consumer and commercial end markets, from Cortec Group, a New York-based private equity firm. Financial terms were not disclosed. “Weiman is well positioned for continued growth both organically and through M&A. We will harness Carlyle’s deep industry expertise and global network to support the Company in this next phase of innovation and strategic acquisition,” David Basto, Carlyle Managing Director.

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