Centre Partners Management, a middle market private equity firm with offices in New York and Los Angeles, has sold Quickie Manufacturing to Jarden, a provider of niche consumer products.
Quickie is a manufacturer and supplier of conventional household cleaning tools in retail channels in North America.
Terms of the transaction were not disclosed.
Centre Partners and certain of its affiliates made an investment in Quickie in December 2004, partnering with Quickie’s executive owners including chairman Peter Vosbikian Jr.
Vosbikian says: "Our partnership with Centre represented a key step in Quickie’s evolution. Their expertise and support have been instrumental in facilitating Quickie’s growth and innovation over the last five years and have enabled the Company to reach its current inflection point and begin its next growth phase under Jarden’s ownership."
David Jaffe, managing partner at Centre Partners, says: "This transaction concludes a highly successful investment for Centre Partners and validates our strategy of supporting the growth of leading middle market companies with proven management teams, strong brands, and solid operations. We credit the leadership of Quickie’s talented management team and employees, and are pleased they will have the opportunity to continue building the Quickie franchise with Jarden."
