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New Deal


Announced

Completed

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

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For48%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Cross Border

Private

United States

Single Bidder

Nondurable Household Products

Acquisition

Minority

Friendly

specialty cleaning products

Private Equity

Synopsis

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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.

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