Culligan International acquired by private equity firm
In August 2021, BDT Capital Partners LLC (BDT), a private equity firm based in Chicago, IL, announced it had completed the acquisition of Culligan International Company (Culligan) for an undisclosed amount. Culligan was acquired by BDT from Advent International (Advent) and Centerbridge Partners L.P. (Centerbridge). As part of the acquisition, Advent re-invested in Culligan, acquiring a minority stake in the company.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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