CNL Strategic Capital Acquires Majority Stake in Douglas Machines Corp.
October 8, 2021
CNL Strategic Capital, with support from affiliate Levine Leichtman Strategic Capital (LLSC), acquired a majority equity stake and made a concurrent debt investment in Douglas Machines Corp., partnering with the company's existing management. Douglas Machines, founded in 1979 and headquartered in Clearwater, Florida, manufactures commercial and industrial cleaning and sanitizing equipment serving food, pet food, nutraceutical and industrial end markets.
- Targets
- Douglas Machines Corp.
- Industry
- Manufacturing
- Location
- Florida, United States
- Transaction Type
- Buyout
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