Carter Morse & Goodrich (“CMG”) is proud to have advised shareholders of Unger Enterprises (“Unger”) on its recent sale to BISSELL, Inc. (“BISSELL”). The combination brings together two multi-generational family-owned businesses with global reach and common cultures.
Unger is a leading cleaning solutions and product platform that designs, manufactures and sells premier cleaning products to professionals, prosumers, and retail consumers worldwide. BISSELL is a 5th generation family-owned company specializing in the production and marketing of cleaning products for the residential and commercial markets worldwide.
Michael Carter, CMG’s Managing Partner, commented, “For CMG, it was a privilege to advise the second generation of the Unger family—first on their purchase of the Company from their parents in 1995, and now, nearly 30 years later, on its successful sale. This was the first transaction in our 38 year history whereby CMG advised the same generation of a family on both the acquisition and the sale of the same business.
Throughout our three-decade relationship, CMG advised the Unger family. We are especially proud to have served as their Chief Exit Advisor on this important transaction with BISSELL. We extend our heartfelt congratulations to brothers Mark, Dane, and Jan Unger on this extraordinary achievement.”
Houlihan Lokey served as corporate M&A Advisor, Dechert LLP as legal advisor, and Grant Thornton provided quality of earnings support.
The details of the transaction remain highly confidential, per the wishes of both families.