Mytee Products acquires Square Scrub to expand its cleaning machinery offerings, backed by mezzanine debt and a minority equity investment.
Information on the Target
Mytee Products and Square Scrub are prominent manufacturers specializing in cleaning machines designed for automotive detailing, carpet cleaning, and facilities maintenance. The companies offer a diverse range of high-quality products, catering to the needs of professionals in these industries. Their products are marketed and distributed through JanSan dealers across the United States, allowing them to maintain a strong presence in the marketplace.
Mytee Products, well-known for its innovation and reliable solutions, has established a significant customer base. On the other hand, Square Scrub complements this portfolio with its unique cleaning technologies, enhancing both firms’ reach and product offerings in the cleaning machinery sector.
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Industry Overview in the United States
The cleaning machinery industry in the United States has seen steady growth, driven by increasing demand from various sectors. With the ongoing emphasis on hygiene and cleanliness, especially post-pandemic, businesses are investi
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FCP
invested in
Square Scrub
in 2023
in a Management Buyout / Buy-In (MBO) deal