Description
Powered by continuing technical innovation and outstanding customer service, Washing Systems is the leading provider of environmentally-friendly specialty cleaning chemicals to the commercial laundry industry
Industry
Industrial Growth: Specialty Chemicals
Gryphon Investment Thesis
- Gryphon’s investment in Washing Systems was sourced through Gryphon’s proprietary, research-based approach and sector initiative in the specialty chemicals sector
- With the expertise of four exclusive executive advisors, including two former Presidents, a CMO, and a VP of R&D from industry leaders like Ecolab and Diversey, and the assistance of the Gryphon Operations Resources Group, Gryphon’s Industrial Growth Group identified several opportunities to increase EBITDA during the course of ownership andfurther optimize this family-owned business
Outcome
Exited in 2018