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New Mountain Capital closes $692 million deal.
June 29, 2015
By: Christine Esposito
Editor-in-Chief
Private equity firm New Mountain Capital, L.L.C. has closed its previously announced acquisition of Zep in a transaction valued at approximately $692 million. The agreement was initially announced on April 8, 2015. Zep’s stockholders approved the acquisition on June 25, 2015, and Zep common stock has ceased trading on the New York Stock Exchange. New Mountain is providing Zep with significant financial and strategic resources to support future growth initiatives which include expansion in current markets and acquisitions.
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