Advent International Acquisition of Culligan International

Industrials · United States · $915M

Advent International acquired Culligan International from Centerbridge Partners for approximately $915 million. Under Advent's ownership, Culligan completed more than 300 acquisitions including the $1.1 billion purchase of AquaVenture Holdings, building the company into a global consumer water services platform. Advent exited via a sale of a majority stake to BDT Capital Partners in May 2021, in a transaction valuing Culligan at approximately $6 billion, while retaining a minority stake.