- Update October 2022: PurposeBuilt Brands, a portfolio company of The Carlyle Group and TA Associates specializing in cleaning products (Weiman, Goo Gone), withdrew its planned $200 million IPO in October 2022.
- Originally filed in January 2021 for a Nasdaq listing (PBLT), the company ultimately did not proceed with the public offering.
PurposeBuilt Brands, which provides specialty cleaning and disinfecting products, filed on Friday with the Securities and Exchange Commission to raise up to $100 million in an initial public offering.
PurposeBuilt Brands offers specialty cleaning and disinfecting products from a portfolio of household cleaning brands. These commercial and specialty cleaning brands include Urnex, Five Star, Opti-Cide, Weiman, Goo Gone and Wright's. Available in over 475,000 stores, PurposeBuilt Brands sells its products through national retailers in the the home improvement, mass, hardware and grocery sectors.
The Gurnee, IL-based company was founded in 1941 and booked $265 million in sales for the 12 months ended September 30, 2020. It plans to list on the Nasdaq under the symbol PBLT. PurposeBuilt Brands filed confidentially on November 25, 2020. Barclays, Morgan Stanley, Goldman Sachs, Baird, BofA Securities, Credit Suisse and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
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