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Arrowpoint Advisory has advised the shareholders of Harvey Water Softeners, the leading manufacturer and retailer of water softeners in the UK, on its sale to global water treatment solutions provider Culligan International. Established in 1978 by founder Harvey Bowden, the business is widely recognised as the premier supplier of water softeners and related products in the UK and Belgium.
Founder Harvey Bowden, who will remain Chairman of the Harvey Water Softeners and will also work within the wider Culligan group going forwards, commented: “We are thrilled to have concluded a deal with Culligan. Seeing the business that we have built over many years well positioned to move forward with a partner capable of helping it to achieve its huge potential is both incredibly exciting and rewarding.
Arrowpoint Advisory exceeded our expectations. They worked tirelessly on our behalf, shared their expertise and proved to be great negotiators who assisted us in achieving a successful outcome. Selling your business is something you’ll only do once so get it right, thoroughly recommended.”
Culligan's EMEA President, Laurence Bower, commented: “We are incredibly pleased to welcome Harvey's to the Culligan group. Arrowpoint Advisory were an excellent advisor to engage with through the process; they were highly effective in managing the transaction on behalf of the sellers to a successful conclusion.”
Tom Reece, Associate Director at Arrowpoint Advisory concluded: “We are delighted to have advised the shareholders of Harvey's which is a fantastic example of a thriving British manufacturing business with an unrivalled brand. It was a pleasure to have secured such an excellent result for the Vendors through a sale to a major international group backed by one of the world's largest private equity investors.”