US' Branford Castle completes sale of Clean Solutions Group

CSG is a leading provider of environmentally responsible nonwoven filtration media and cleaning products. CSG was the first investment in Branford's Fund II. During Branford's four-year ownership period, the firm assisted CSG in completing two strategic add-on acquisitions, supported the company to expand its facilities and build a new manufacturing line, the company said in a press release.

"Our partnership with CEO Keith White and the CSG management team has been remarkable," said Ceon Francis, managing director for Branford. "In four years, we have achieved significant growth and outperformed our optimistic expectations by more than quadrupling EBITDA. As part of this, we've helped them get into higher MERV (Minimum Efficiency Reporting Value) products that have become more highly desired in a post-COVID world."

"We're very proud of the management team we've built at CSG and the relationship we forged with Branford Castle at a critical time in our company's history", said Keith White, CEO of CSG. "Together, we have grown CSG into a premier manufacturer of 'clean solutions' for a variety of end purposes and created a brand renowned for innovation, customisation, and the highest quality standards in the industry."

Piper Sandler & Co served as financial advisor, Akerman LLP served as legal counsel, and RSM served as the accounting/tax advisor to CSG. Terms of the transaction were not disclosed.

Fibre2Fashion News Desk (RR)