Centre Partners has made an investment in Guy & O’Neill, a manufacturer and developer of household cleaning and personal care products.
Guy & O’Neill’s products include wet wipes and other liquid-fill products that are sold under the company’s own brands as well as under private labels. The company’s services include blending, liquid-fill, converting and packaging.
Guy & O’Neill’s products include disinfecting wipes and multi-surface cleaners; adult care incontinence products and bathing products; feminine hygiene products; facial wipes, makeup remover wipes and cosmetic wipes; and automotive wipes. Company-owned brand names include Ally, Care4, Clean Cut, Evoke, Green & Clean, and Zippy. Guy & O’Neil, led by CEO Tom Misgen, has approximately 340,000 sq. ft. of office, production and warehousing facilities at its headquarters located near Milwaukee in Fredonia, WI (www.guyandoneill.com).
Centre’s investment was made alongside the company’s senior management team, which will continue to own a meaningful stake and lead the business under Centre’s ownership. “We are very pleased to partner with and invest alongside Centre. We believe that their financial support and industry expertise will accelerate growth and facilitate meaningful investments in our business while maintaining our focus on offering the highest quality products and customer service that our customers value and will continue to enjoy,” said Mr. Misgen. “Centre’s investment is an endorsement of the strength of our dedicated management team and the strength of our innovative portfolio of products.”
“Centre is thrilled to partner with the Guy & O’Neill management team,” said Bruce Pollack, a Managing Partner of Centre Partners. “The company is well-positioned to execute on multiple compelling growth strategies, and uniquely situated to offer its customers with innovative products to capitalize on shifting consumer preferences in the household cleaning sector.”
“Guy & O’Neill is an established market leader and a highly strategic partner for its customers, with a stellar reputation supported by its state-of-the-art manufacturing and new product development,” said Michael Schnabel, a Managing Director of Centre Partners. “Through our previous investments in the household cleaning sector, we have a deep expertise in the space and significant resources that will assist us in accelerating the growth of the business both organically and through acquisitions.”
Centre Partners invests from $10 million to $50 million in North American based middle market companies that have $30 million to $300 million in revenue and $5 million to $40 million in EBITDA. Sectors of interest include branded and private label consumer, and healthcare. Centre Partners was founded in 1986 and has offices in New York and Los Angeles (www.centrepartners.com).
Twin Brook (www.twincp.com) served as administrative agent on $77 million of financing to support Centre Partners’ leveraged buyout of Guy & O’Neill.
© 2018 Private Equity Professional | October 16, 2018
