Unger-Debt

Unger Enterprises

Business Description

Unger Enterprises Inc. is a manufacturer and marketer of cleaning tools and solutions for the residential and professional markets.  It has manufacturing facilities in the United States and Germany and sales offices in the United Kingdom and India.

Background

Unger was founded in 1964 by Henry and Barbara Unger in Germany.  Nearing retirement, they sought an orderly transition of ownership to their three sons who were managing day-to-day affairs. 

Solution

Carter Morse & Mathias was the company’s exclusive financial advisor on this transaction.  CMM raised senior debt financing sufficient for the buyout and future growth.  Since the buyout, the Company has experienced significant growth and expanded internationally.