The Private Equity team advised Rock Mountain Capital in connection with the firm’s and The Olayan Group agreement to acquire a 48% stake in PurposeBuilt Brands from funds managed by Carlyle (NASDAQ: CG), the proceeds of which were used to redeem Carlyle’s position. TA Associates, an investor since 2019, and company management are rolling 100% of their equity and will hold a 52% ownership stake. PurposeBuilt Brands is a portfolio of leading specialty cleaning products for the consumer and commercial markets.
Rock Mountain Capital is a private equity firm founded by industry veteran David Stonehill, who brings over 25 years of experience investing in and growing middle market companies. The firm focuses on working with entrepreneurs and management teams in the consumer goods & services, technology, media & telecom (TMT), and consumer-facing healthcare services sectors to accelerate organizational development, execute on organic growth opportunities, and pursue strategic M&A and roll-up/consolidation strategies.
The Goodwin team was led by Ilan Nissan, Joshua Soszynski, Kristopher Ring, Steven Clemens, Runjhun Kudaisya and Brynn Peltz.
For additional details on the transaction, please read the press release.