Meyer Lab has been sold to TruArc Partners
Meyer Lab
Founded in 1978, Meyer Lab provides cleaning chemical solutions to customers who value high-touch customer service for their cleaning and disinfection needs across a wide variety of end-markets, including concrete and asphalt, industrial manufacturing, food processing, janitorial, flexographic printing and others. The company’s core chemical solutions include cleaners, degreasers, disinfectants and sanitizers as well as products for broader cleaning needs. Additionally, the company provides dispensing systems, including systems developed and fabricated in-house, to offer customers a complete cleaning program. Meyer Lab utilizes the company’s expansive network of sales representatives and local support depots to routinely deliver and service its customers’ facilities.
The Deal
Lincoln International acted as the exclusive investment banking representative to Meyer Lab, working closely with ownership and management throughout the process. Lincoln’s buyer insights and streamlined process execution delivered multiple, high-quality options to the owners on a tight timeline. Lincoln found the best home for Meyer Lab’s management and employees, while achieving an optimal outcome for the Meyer family.
Our Perspective
Chris Petrossian, Lincoln International Managing Director who led the transaction, commented, “The Meyer family built a truly impressive and differentiated business over the past three plus decades, delivering cleaning chemical solutions to hundreds of customers across the U.S. and Canada. It was an honor to work with them and the talented, deep management team they have built to ensure we found the best partner for the business and the right outcome for their family. TruArc is a tremendous, proven organization who, with this team, will help take Meyer Lab to new heights.”
TruArc Partners
TruArc Partners is a private equity firm focused on middle-market investments. TruArc focuses on companies in attractive subsectors across specialty manufacturing and business services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. For more information, please visit www.truarcpartners.com.
The Lincoln team helped to guide me, my family and the company through every step of this process, providing expert guidance and informed advice. Lincoln's insightful relationships and process expertise presented us with multiple attractive options as we considered the future partner for our business. Ultimately, we found the right home for Meyer Lab, with a partner who understands our management team's vision and can support the company in achieving its long-term goals. I am excited for this outcome and for what the future holds for Meyer Lab.
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