Rock Mountain Capital and The Olayan Group Acquire 48% Stake in PurposeBuilt Brands from Carlyle
February 2, 2022
A group led by Rock Mountain Capital and The Olayan Group acquired a 48% stake in PurposeBuilt Brands, with the proceeds used to redeem Carlyle's position. TA Associates and PurposeBuilt management rolled all of their equity and will retain a 52% ownership stake as partners with the new investors to support the company's continued growth and international expansion.
- Buyers
- Rock Mountain Capital, The Olayan Group
- Targets
- PurposeBuilt Brands
- Sellers
- The Carlyle Group (funds managed by Carlyle)
- Industry
- Consumer Products
- Location
- Illinois, United States
- Transaction Type
- Growth capital
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