Transaction

Unger Enterprises

Business Description

Unger Enterprises is a premier global innovator in professional cleaning tools and solutions. Headquartered in Bridgeport, CT, the Company serves a wide range of commercial markets, including janitorial, hospitality, healthcare, and foodservice. Known for its high-quality window cleaning systems, floor care tools, and restroom cleaning solutions, Unger’s products are trusted by professionals in more than 80 countries worldwide.

Background

Unger was founded in 1964 by professional window cleaner Henry Unger.  His goal was to improve the lives of commercial cleaners by making their work safer, easier, and more efficient.  Henry’s sons and second-generation owners Mark, Dane and Jan Unger drove the Company’s evolution to become a global leader in quality cleaning solutions.  After being family-owned for over 60 years, Unger’s shareholders decided to explore strategic alternatives, including a sale to a partner that would uphold the Company’s legacy, core values and track record of innovation.

Solution

CMG advised Unger family on the Company’s sale to BISSELL, Inc..  Bissell is a fifth-generation family-owned company specializing in the production and marketing of cleaning products for the residential and commercial markets worldwide.  The combination brings together two multi-generational family-owned businesses with global reach and common cultures.

Michael Carter, CMG’s Managing Partner, commented, “For CMG, it was a privilege to advise the second generation on both the purchase of the Company from their parents in 1995 and, years later, on the Company’s successful sale.  Over the course of our 30 year relationship, CMG advised Unger on building shareholder value and is proud to have acted as the exclusive financial advisor to the family on the successful sale of the business to BISSELL.  We would like to extend a sincere congratulations to brothers Mark, Dane and Jan Unger on this historic achievement.” ‍

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