Unger Enterprises Sells to Bissell in CMG-Advised Deal
Deal News | Apr 28, 2025 | EIN
Carter Morse & Goodrich (CMG), a financial advisory firm based in Southport, Connecticut, recently advised the shareholders of Unger Enterprises on its sale to Bissell Inc. Unger, a leader in cleaning solutions, and Bissell, a family-owned company known for residential and commercial cleaning products, bring together their expertise through this merger. CMG's Managing Partner, Michael Carter, remarked on the significance of this transaction, noting that it marked a unique milestone in CMG's history of advising the same family on both acquisition and exit strategies. The Unger family, led by brothers Mark, Dane, and Jan Unger, successfully transitioned the company over nearly 30 years under CMG's guidance. The merger of these multi-generational, family-owned businesses is expected to enhance their global market reach while preserving their common culture and legacy.
Sectors
- Cleaning Products
- Financial Advisory
Geography
- United States – Both Unger Enterprises and Carter Morse & Goodrich are based in the United States, with CMG located in Connecticut, highlighting the geographical focus of the transaction.
Industry
- Cleaning Products – The article discusses the merger of two companies in the cleaning products industry: Unger Enterprises, known for its high-quality cleaning solutions, and Bissell, a prominent producer of residential and commercial cleaning products.
- Financial Advisory – Carter Morse & Goodrich, a financial advisory firm, played a significant role in advising the sale of Unger Enterprises, highlighting the involvement of the financial advisory industry in M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Unger Enterprises | Target Company | Company | A leading cleaning solutions and product platform with a global reach. |
| Bissell Inc. | Bidding Company | Company | A fifth-generation family-owned company specializing in cleaning products for residential and commercial markets. |
| Carter Morse & Goodrich (CMG) | Financial Advisor | Company | The advisory firm that guided Unger Enterprises in its sale to Bissell. |
| Michael Carter | Managing Partner | Person | Managing Partner of CMG who commented on the transaction. |
| Mark Unger | Shareholder | Person | One of the Unger family brothers involved in the transaction. |
| Dane Unger | Shareholder | Person | One of the Unger family brothers involved in the transaction. |
| Jan Unger | Shareholder | Person | One of the Unger family brothers involved in the transaction. |