Audax Private Equity has closed its previously announced buyout of Ecolab‘s equipment care business. No financial terms were disclosed.
ST. PAUL, Minn.–(BUSINESS WIRE)–Ecolab Inc. announced today it has completed the sale of Equipment Care to Audax Private Equity, a Boston, Mass.-based private equity firm. Equipment Care had 2016 sales of $180 million. No further details were disclosed.
A trusted partner at more than one million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With 2016 sales of $13 billion and 48,000 associates, Ecolab delivers comprehensive solutions and on-site service to promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world.
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