MicroCare under new ownership following investment
Cleaning specialist, MicroCare has been purchased by investment firm, Capital Partners after the latter completed a control investment in the former, in partnership with the company’s co-founder and senior management.
Tom Tattersall, former MicroCare COO, will assume the role of MicroCare CEO. He described the sale as ‘a very lengthy process’ in order to ensure that the new owners would be the best fit.
Tattersall explained: ‘We are pleased that Capital Partners recognises the strengths of the MicroCare business as well as its future potential. With Capital Partners’ on-going support, we are well-positioned to continue our sustainable, profitable growth. With further investments in product development, technology and distribution infrastructure, we remain committed to delivering a broad range of critical cleaning solutions and the value-added technical expertise and lab-support our distributors and end-users have come to expect from us.’
Sarah Paquet, vice president at Capital Partners said: ‘We closed this investment in the midst of the Covid-19 crisis as the company has proven to be a strong, recession-resistant essential business, which should benefit from a growing global focus on cleanliness and increasing importance on telecom infrastructure.’
Concurred Ed Tan, managing director of Capital Partners: ‘MicroCare is a perfect fit with our approach of partnering with great managers and investing in a business with strong organic growth potential and attractive strategic acquisition opportunities.’
MicroCare will continue to operate under the MicroCare, Sticklers and MicroCare Medical brands.