CapitalWorks Acquires Essco from Cardinal Equity Partners
June 20, 2019
CapitalWorks, through its Fund IV vehicle, acquired Essco, a leading U.S. value-added distributor of floorcare products, from Cardinal Equity Partners. Terms were not disclosed; CapitalWorks said it will accelerate Essco's growth by enhancing product offerings and e-commerce capabilities (Dan Sustar to join the advisory board) with senior financing provided by First Commonwealth Bank.
- Targets
- Essco
- Sellers
- Cardinal Equity Partners
- Industry
- Consumer Products
- Location
- Ohio, United States
- Transaction Type
- Buyout
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