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New Deal


Announced

Riverside Company-backed Clintar to acquire milliCare from Milliken & Company.

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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Private

United States

Consumer Services: Other

Pending

Domestic

Single Bidder

Acquisition

Friendly

Private Equity

cleaning services

Majority

Synopsis

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Riverside Company-backed Clintar, a commercial outdoor services provider, agreed to acquire milliCare from Milliken & Company, a industrial manufacturer. Financial terms were not disclosed. “We have a great opportunity to build Clintar into a multi-brand platform of B2B franchise concepts, and we’re excited to work with the milliCare team to do this. A multi-concept strategy is attractive given that a strong centralized franchisor infrastructure can accelerate growth across brands, and most importantly, franchisees would benefit from shared best practices and opportunities to cross-sell services and open multiple concepts in the same market," Loren Schlachet, Riverside Managing Partner.

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