Chicago-based private equity firm Pritzker Private Capital is exploring a sale of Sprayway, the cleaning products brand owned by its portfolio company PLZ Corp, according to a report by Reuters citing unnamed people familiar with the matter.
The firm has reportedly hired Goldman Sachs to run the process, which is said to be drawing interest from both strategic buyers and other private equity investors. Sprayway generates around $30m in annual EBITDA and could be valued at roughly $300m, sources suggested.
Pritzker Private Capital acquired PLZ from Olympus Partners in 2015, supporting its growth as one of North America’s largest specialty aerosol manufacturers. The platform, headquartered in Downers Grove, Illinois, produces both branded and private-label products across cleaning, maintenance and personal care, with Sprayway representing one of its flagship consumer-facing brands.
A sale would mark another step in Pritzker’s strategy of scaling and realising value across its industrial and consumer portfolio companies. Neither Goldman Sachs, Pritzker Private Capital, nor PLZ Corp have commented on the potential transaction.
