Rock Mountain Capital and The Olayan Group completed the acquisition of a 48% stake in PurposeBuilt Brands from The Carlyle Group.

Rock Mountain Capital, a private equity firm, and The Olayan Group, a Saudi conglomerate, completed the acquisition of a 48% stake in PurposeBuilt Brands, a portfolio of leading specialty cleaning products for the consumer and commercial markets, from The Carlyle Group. Financial terms were not disclosed. "The Carlyle Group and TA have been excellent partners over the past three years, helping us to deliver meaningful growth, increase our ESG credentials and improve our environmental stewardship. We are excited to welcome Rock Mountain Capital and The Olayan Group as partners, and we look forward to working with them and TA to continue to innovate and add to our portfolio of specialty cleaning products, both domestically and internationally and to continue our 41 consecutive years of organic growth," Chris Bauder, PurposeBuilt Brands President and CEO.