Profile Products announced its acquisition by New Mountain Capital, a New York-based investment firm emphasizing business building and growth.
According to the joint news release, New Mountain will work together with Profile’s current leadership team to "continue the company’s growth trajectory in key markets and identify additional expansion opportunities."
“We’re excited New Mountain Capital’s talented team shares our vision to accelerate Profile’s growth to provide even more opportunities for our customers,” said Jim Tanner, CEO of Profile Products.
“Through its track record of innovation, Profile has established itself as a dynamic leader in the green technology and horticulture markets,” added Harris Kealey, managing director at New Mountain Capital.
Financial terms of the deal have not been made public as of press time.
For the full press release, click here.