ROSEMONT, Ill. & CHICAGO & BOSTON & NEW YORK–(BUSINESS WIRE)–BDT Capital Partners, LLC (“BDT”), affiliated with BDT & Co., LLC, a merchant bank that provides closely held businesses with long-term, differentiated capital, and Culligan International (“Culligan”), the innovative brand in consumer-focused and sustainable water solutions and services, today announced the completion of a transaction in which BDT has acquired Culligan through its affiliated funds. Several strategic family business owners and investors within BDT’s global network co-invested alongside BDT in the transaction. Culligan was acquired from private equity investors Advent International (“Advent”) and Centerbridge Partners, L.P. (“Centerbridge”). As part of this transaction, Advent has reinvested in Culligan to acquire a minority stake in the business. Financial terms of the transaction were not disclosed.
The transaction, which was first announced in May 2021, closed following receipt of required regulatory approvals and customary closing conditions.
ABOUT CULLIGAN INTERNATIONAL
Founded by Emmett Culligan in 1936, Culligan is a world leader in delivering superior water solutions that will make a real difference in improving the health and wellness of consumers. The company offers some of the most technologically advanced, state-of-the-art water filtration and treatment services and solutions. These products include water softeners, drinking water systems, whole-house systems and solutions for businesses. Culligan’s network of franchise dealers in North America, direct operations and other dealers is the largest in the world, with over 7,500 employees and 1,000 dealers in 90 countries. Many Culligan dealers have valuable equity in their local communities as multigenerational family owners of their franchises.
For more information visit: www.corporate.culligan.com