Capital Truelink Acquires Cleaning Products Firm Zep
In a significant move for the cleaning and sanitation solutions industry, private equity firm Truelink Capital has announced the acquisition of Zep, a leading manufacturer of cleaning, maintenance, and sanitation products. The deal, which marks Truelink Capital's ninth platform purchase, brings together two powerhouses with a shared vision of accelerating growth and expanding market leadership.
Based in Los Angeles, Truelink Capital has expressed eagerness to partner with Zep's existing management team, led by CEO Amy Hahn, to continue building on the company's legacy. Zep, which employs over 1,400 people, was previously owned by New Mountain Capital.
Following the acquisition, Zep has outlined key future plans and strategic initiatives to drive its growth ambitions. These include a focus on operational excellence, product innovation, and digital transformation. The company aims to build on recent investments in operational improvements, striving for greater efficiency and quality across its supply chain and manufacturing processes.
In terms of product development, Zep plans to continue investing in the creation of new, high-performance cleaning, maintenance, and sanitation products. This focus on innovation is driven by a desire to meet evolving customer needs and regulatory requirements.
Digital transformation is another area of emphasis for Zep. The company intends to enhance digital processes, such as automation, data analytics, and customer engagement platforms, to provide a more seamless and modern experience for clients.
Zep also plans to expand its solutions portfolio, including facility-wide cleaning, disinfection, water treatment, and home care products, to serve a broader range of industries and applications. The company is committed to advancing its sustainability offerings, aligning with global trends toward environmentally responsible products and practices.
In a statement, Amy Hahn, CEO of Zep, said, "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."
Truelink Capital is equally enthusiastic about the opportunity to invest in Zep and partner with its management team. The firm has been impressed with Zep's leading market position and ability to deliver exceptional products and services.
The acquisition aligns with Truelink Capital's strategy of partnering with companies in the industrials and tech-enabled services sectors. Zep, headquartered in Atlanta and operating 23 facilities worldwide, was founded in 1937.
In addition to commercial and operational initiatives, Zep plans to pursue targeted Mergers and Acquisitions (M&A) opportunities to complement organic growth, broaden its customer base, and enter new markets.
Todd Golditch, Co-Founder and Managing Partner of Truelink Capital, is honored to have closed the acquisition with New Mountain. He expressed his intention to accelerate the next phase of Zep's growth through commercial and operational initiatives and strategic M&A.
The financial terms of the acquisition were not disclosed. As Zep embarks on this new chapter, it does so with a commitment to deliver superior products and services, focusing on reliability, compliance, and customer trust to maintain and grow its market presence across North America and Europe.
In the realm of finance, this acquisition by private equity firm Truelink Capital of Zep, a leading company in the cleaning, maintenance, and sanitation products industry, underscores their shared business vision to foster growth and strengthen market leadership.
Guided by this common goal, Truelink Capital, based in Los Angeles, looks forward to working alongside Zep's management team, led by CEO Amy Hahn, with plans to invest in operational excellence, product innovation, digital transformation, and strategic Mergers and Acquisitions (M&A) to drive growth and expand Zep's market reach.
