An affiliate of Peak Rock Capital, a leading middle-market private investment firm, has completed an acquisition of The Tranzonic Companies, in partnership with the Company's management team.
Tranzonic is a leading distributor of cleaning and hygiene products serving customers in a diverse set of end markets, including healthcare, foodservice, and facility services. The Company provides value-added services and capabilities alongside a comprehensive suite of branded and proprietary consumable products for non-discretionary applications. Headquartered in Cleveland, Ohio, Tranzonic operates a network of 16 facilities with more than 600 dedicated employees across the United States.
Jordan Campbell, Managing Director of Peak Rock, said, "Tranzonic represents an exciting opportunity to invest in a growing supplier of consumable cleaning and hygiene products with a strong leadership position in the personal hygiene, away-from-home, and controlled environments categories. We are impressed with the strong track record of growth the Tranzonic team has achieved, and look forward to partnering with the Company to accelerate growth, while executing complementary acquisitions that extend Tranzonic's capabilities, product offerings, and geographic coverage."
Tom Friedl, Chief Executive Officer of Tranzonic, commented, "We are excited to partner with Peak Rock as we embark on our next phase of growth. Peak Rock has a deep understanding of our business, and a strong track record of driving growth, innovation and building leading platforms that benefit all stakeholders. We look forward to our partnership, which will position Tranzonic to accelerate its growth trajectory through investments that will allow us to further serve our current and future customers."