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PurposeBuilt Brands Announces Filing of Registration Statement for Proposed Initial Public Offering

·4-min read

PurposeBuilt Brands, Inc. ("PurposeBuilt Brands"), backed by The Carlyle Group and TA Associates, today announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. PurposeBuilt Brands has applied to list its common stock on the Nasdaq Global Market under the ticker symbol "PBLT."

Barclays, Morgan Stanley (in alphabetical order), Goldman Sachs & Co. LLC and Baird are acting as lead joint book-running managers and representatives of the underwriters for the proposed offering. BofA Securities, Credit Suisse and UBS Investment Bank will also serve as joint book-running managers for the proposed offering. Academy Securities, Blaylock Van, LLC, R. Seelaus & Co., LLC, Ramirez & Co., Inc. and TCG Capital Markets LLC are acting as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. Once available, a copy of the preliminary prospectus relating to the offering may be obtained from Barclays Capital Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847, or email: Barclaysprospectus@broadridge.com.; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email prospectus-ny@ny.email.gs.com; or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, telephone: 1-800-792-2473, or email: syndicate@rwbaird.com.

A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

About PurposeBuilt Brands

PurposeBuilt Brands is a high-growth portfolio of category-leading, efficacy-driven specialty cleaning and disinfection brands. We create products that can be trusted to perform optimally on people’s valued surfaces, spaces and equipment and are formulated to be better for them, their families, their businesses and the environment. Our consumer brands include Weiman, Green Gobbler, Goo Gone, Gonzo Natural Magic, biokleen, Magic, Wright’s and Stone Care International. Our commercial brands include Urnex, Five Star and Opti-Cide, which are focused on the growing specialty beverage and healthcare industries.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the proposed offering. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predicts," "intends," "trends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. The forward-looking statements contained in this press release are based on management’s current expectations and are not guarantees of future performance. Such forward-looking statements are subject to various risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify, which may cause our actual results, performance or achievements to be materially different from management’s expectations, beliefs or projections. Such important risks, uncertainties, assumptions or changes in circumstances include those in our registration statement on Form S-1 filed with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date of this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005267/en/

Contacts

Media
Cory Ziskind - Public Relations
ICR Inc.
Cory.Ziskind@icrinc.com
646-277-1232
Investors
Jeff Sonnek - Investor Relations
ICR Inc.
Jeff.Sonnek@icrinc.com
646-277-1263