Culligan - M&A Summary, Ownership, and Business Overview

Consumer ProductsCompany

Culligan M&A Summary

Culligan has acquired 8 companies of its own, including 3 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 1 asset.

Culligan’s largest acquisition to date was in 2019, when it acquired AquaVenture Holdings for $1.1B. Culligan has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include beverages (34%) and environmental (34%).

Culligan Ownership

Who owns Culligan?

Culligan is owned by BDT Capital Partners and Mubadala Capital. It was acquired on May 25, 2021.

Is Culligan PE-backed?

Yes. Culligan is owned by private equity investors BDT Capital Partners and Mubadala Capital.

Was Culligan formerly PE-backed?

Yes. Culligan was formerly owned by 4 private investors.

Culligan Business Overview

Where is Culligan headquartered?

Culligan is headquartered in Rosemont, Illinois.

What sector is Culligan in?

Culligan is a consumer products company.

When was Culligan founded?

Culligan was founded in 1936.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 1

Culligan

Culligan International Co.

9399 West Higgins Road, Suite 1100,
Rosemont, Illinois 60018
United States,
(847) 430-2800
www.corporate.culligan.com

Culligan offers water softeners, filtration systems, industrial water treatment solutions, and drinking water systems. Culligan was founded in 1936 and is based in Rosemont, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 1 - - 1 - 6
vol $1.1B $575M $1.7B
Sell (0.0/yr) # 1 - - - - - 1
  7

Most Recent M&A

Company Date Value Type
Primo Water - International businesses 2023-11-02 575M USD Divestiture
, United States
LVD Acquisition LLC 2020-01-01 - Add-on Acquisition
Columbus, Ohio · www.oasiscoolers.com
AquaVenture Holdings LLC 2019-12-23 1.1B USD Add-on Acquisition
Tampa, Florida · www.aquaventure.com
Prospect Water Co. LLC (Water Co. Holding LLC) 2018-08-07 - Add-on Acquisition
Lombard, Illinois
Paragon Water Systems, Inc. 2018-03-14 - Add-on Acquisition
Clearwater, Florida · www.paragonwater.com
Aqua Vital SA 2018-01-01 - Add-on Acquisition
Neuss, Germany · www.aquavital.de
Prospect Water Co. LLC (Water Co. Holding LLC) 2011-11-16 - Divestiture
Lombard, Illinois
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Culligan of Canada Ltd.    - Culligan of Canada Ltd. - Drinking Water Refill Business 2011-03-09 1
Brampton, Ontario · www.culligan.ca Brampton, Ontario

M&A by Sector

Sector Buy # Value Sell # Value
Beverages 2 (33%) 575M (34%) - -
Environmental 2 (33%) 1.1B (66%) - -
Consumer Services 1 (17%) - 1 (100%) -
Consumer Products 1 (17%) - - -
Total 6 $1.7B 1 -

By Geo

State/Country Buy Value Sell Value
United States 5 1.7B 1 -
  Florida 2 1.1B - -
  Illinois 1 - 1 -
  Ohio 1 - - -
Germany 1 - - -
Domestic 5 (83%) 1.7B (100%) 1 (100%) -
Cross-border 1 (17%) - - -
Total 6 $1.7B 1 -

Top M&A Advisors

Legal Deals
Weil Gotshal & Manges
1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 1 $575M
TOTAL $1.7B
Largest AquaVenture Holdings LLC
$1.1B (2019-12-23)

M&A Connections

Deals
Acquired from
Investor(s)
67%
4 (67%)
Strategic(s)
33%
2 (33%)
Divested to
Investor(s)
100%
1 (100%)

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