Truelink Capital, a Los Angeles private equity firm, has acquired Zep, a cleaning and sanitation solutions manufacturer, from New Mountain Capital. The financial terms were not disclosed.
Founded in 1937, Zep offers a range of cleaning, disinfecting, and maintenance products for various industries, with a focus on regulatory compliance, sustainability, and reliability. Headquartered in Atlanta, Zep employs over 1,400 people and operates 23 facilities worldwide.
This deal is Truelink’s ninth platform purchase and aligns with their strategy of partnering with leading companies in the industrials and tech-enabled services sectors.
KEY QUOTES:
“This marks an exciting new chapter for Zep. With Truelink’s support, we are poised to accelerate our strategic vision – building on the investments in operational excellence, product innovation, and digital processes we’ve made in recent years. I am incredibly proud of what our team has accomplished and grateful to New Mountain for their partnership. We are confident that with Truelink’s resources and approach, Zep is well positioned to deliver even greater results for our customers and stakeholders.”
Amy Hahn, CEO of Zep
“Zep is a highly recognizable brand with a strong history of innovation, quality, performance, and customer trust. We are honored to have closed this acquisition with New Mountain and are excited with the opportunity to invest behind this wonderful company and management team. We have been impressed with the company’s leading market position and ability to deliver exceptional products and services across its business segments. We’re eager to partner with Amy and the entire Zep team to continue building on the company’s legacy and accelerate the next phase of growth through commercial and operational initiatives and strategic M&A.”
Todd Golditch, Co-Founder and Managing Partner of Truelink Capital
