MidOcean Partners Acquires Water Pik
MidOcean Partners along with other investors including Vulcan Capital has acquired Water Pik, Inc., a supplier and marketer of health and wellness product.
The private equity firm has reportedly followed the growth Water Pik over years and acknowledged the latter's track record of innovation.
"MidOcean has followed the success of Water Pik for a number of years, and we are very excited to be partnering with a company that is truly an innovative leader within the health and wellness categories it serves," said Robert Sharp, MidOcean's Managing Director, in a statement.
"Additionally, CEO Richard Bisson and his team have an impressive record of growing the business into the market leader it is today. We look forward to working with this talented team in continuing to serve Water Pik's loyal customers," Sharp said.
With the recent development, Water Pik's senior management will remain in their positions including its CEO and significant investor Richard Bisson.