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BDT Capital Partners Completes Acquisition of Culligan International

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ROSEMONT, Ill. & CHICAGO & BOSTON & NEW YORK, August 02, 2021--(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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210802005223/en/

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005223/en/

Contacts

Media

Culligan
Andy Kellogg
Culligan
Tel: +1 847 430 1360
Andy.kellogg@culligan.com

BDT Capital Partners
Amy Lester
Tel: +1 312 639 1968
alester@bdtcap.com

Advent International
Anna Epstein or Amanda Muccio
Finsbury
Tel: +1 646 805 2000
Adventinternational-US@finsbury.com

Centerbridge
Jeremy Fielding / Anntal Silver
Kekst CNC
Tel: +1 212 521 4800
Jeremy.fielding@kekstcnc.com / Anntal.silver@kekstcnc.com

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