BDT Capital Partners and Abu Dhabi sovereign wealth fund Mubadala Investment Co. and its asset management subsidiary Mubadala Capital announced this week that they have completed an acquisition of water solutions company Culligan International Co. Financial terms were not disclosed.
In late may, it was first announced that BDT Capital Partners had purchased a majority interest in Culligan from Advent International and Centerbridge Partners. Advent will retain a minority stake in Culligan going forward.
Founded by Emmett Culligan in 1936, Culligan became a world leader in delivering quality water solutions. Headquartered in Rosemont, IL, the company offers state-of-the-art water filtration and treatment systems and services. These products include water softeners, drinking water and whole-house systems, and business solutions. Culligan's network of franchise dealers in North America, other dealers and its own direct operations is the largest in the world. It claims to have 1,000 dealers in 90 countries and more than 7,500 employees.
Culligan Middle East operates from offices in Abu Dhabi, Dubai, Sharjah and Qatar. In 2014, Culligan the division opened a manufacturing facility in Dubai Techno Park. The 10,000-sq.m. site is a purpose-built, integrated manufacturing, sales and service center that comprises facilities for equipment fabrication, chemical blending and water bottling.