Recent News and Announcements from Centre Partners
Leading North American Household Products Provider Receives Strategic Investment from Private Equity Firm
CINNAMINSON, N.J., Dec. 27 /PRNewswire/ — Quickie Manufacturing Corp. announced today that it has received a strategic investment from Centre Partners and certain of its affiliates. This investment creates a partnership between Quickie’s executive owners, including Chairman Peter Vosbikian, and Centre Partners. The partnership was created to support Quickie’s ongoing expansion strategy of internal growth and acquisitions.
Established in 1919 by Peter Sr. and Thomas Vosbikian, Quickie is the largest North American provider of retail household cleaning tools and related products. Through a history of product innovation and dedication to customer service, Quickie has since expanded to become the leading overall supplier across North American retail channels in its market segments. Quickie produces and markets a complete line of household cleaning tools including mops, brooms, brushes, dusting tools and related accessories. With headquarters in New Jersey, Quickie also operates production facilities in Lumberton, North Carolina, El Paso, Texas, and Cadereyta, Mexico.
Centre Partners is a leading middle market private equity firm, with offices in New York and Los Angeles. Centre Partners and its affiliates have invested over $3 billion of equity capital in more than 80 private equity transactions. The private equity firm has deep experience investing in consumer products companies.
Quickie Chairman Peter Vosbikian said, “This partnership represents a key step in our company’s evolution. Quickie has a strong track record of growth, and we are confident that this partnership will help underpin the next stage of our success. As a result, this investment will benefit our employees, customers, and other business partners. My management team and I look forward to a strong and successful partnership with Centre Partners.”
David Jaffe, managing partner of Centre Partners, added: “We are very pleased to partner with the Vosbikian family and the rest of the Quickie management team. Quickie is the best-in-class player in its market segments with a history of superior customer service, the broadest array of innovative and high quality products, and a highly talented and experienced management team. This transaction embodies Centre Partners’ strategy to make investments supporting the growth of leading middle market companies with proven management teams, strong brands, and solid operations.”
Sawaya Segalas & Co., LLC, a leading consumer products investment banking firm, initiated this investment and served as exclusive financial advisor to Quickie Manufacturing Corp. Financial details of the transaction were not disclosed.
About Centre Partners
Centre Partners, founded in 1986, with offices in New York City and Los Angeles, is a private equity firm with a middle market focus that seeks to make investments alongside management teams who have or desire a meaningful economic stake in the future success of their business. Centre Partners and its affiliates have invested over $3 billion of equity capital in more than 80 private equity transactions. Additional information about Centre Partners is available on the Internet at http://www.centrepartners.com.
For more information, please contact:
Fleishman-Hillard, phone: 619-237-7721