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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

BDT Capital Takes Majority Stake in Culligan International

Rosemont, IL-based Culligan International, which provides water solutions and services to consumers and businesses, is being acquired by Chicago-based BDT Capital Partners. Although deal terms weren’t disclosed, the Wall Street Journal reported a sales price of $6 billion for the majority stake.

BDT, whose portfolio includes Panera Bread and Peet’s Coffee, will acquire Culligan alongside several strategic family business owners and investors within the firm’s global network from private equity investors Advent International and Centerbridge Partners, L.P. As part of this agreement, Advent will also reinvest to acquire a minority stake in the 85-year-old business.

Scott Hasley, managing director of BDT, said his company looks forward to its long-term partnership with Culligan CEO Scott Clawson and his team, “consistent with our business model of providing patient capital to closely held businesses, while leveraging our global network of business owners and investors to support the company’s continued growth and expansion.”


Inside The Story


About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition