Citizens Capital Markets & Advisory served as the exclusive financial advisor to Meritech Systems LLC, a manufacturer of fully automated hygiene and sanitation systems, on its sale to CFS Technologies, a portfolio company of Union Park Capital. Meritech was previously backed by Forest Lane Capital.
Founded in 1986 and reimagined in 2019, Meritech's mission is to redefine human hygiene for a safer, healthier world. Meritech manufactures automated handwashing stations, footwear sanitizing machines and boot scrubbers that remove 99.9% of harmful pathogens. Their CleanTech® solution ensures compliance for food processors and manufacturers, while driving savings through reduced soap waste and mitigating recall risks.
“The Citizens team was a pleasure to work with, bringing exceptional professionalism, ownership, strategic thinking and genuine support to the table,” said David Duran, CEO of Meritech. “They ran a highly effective process, combining a deep understanding of our business and markets with a commitment to keeping our team’s vision front and center, all while guiding us to the best possible outcome for our employees, customers and investors. We will be forever grateful for their leadership and approach and will not hesitate to partner with them in the future if the opportunity presents itself.”
Joel Pokorney, Managing Partner at Forest Lane Capital, added: “We greatly appreciate the integrity, dedication and seamless execution demonstrated by Michael Musser, Justin O’Rourke and the team at Citizens. Their close collaboration with David Duran and the Meritech leadership team was essential in driving an exceptional outcome.”
“We valued the opportunity to collaborate with Forest Lane and the Meritech executive team on this attractive assignment,” said Michael Musser, Managing Director at Citizens. “Meritech has become a technology leader in automated hygiene systems through product excellence, unwavering customer focus and strategic vision. Combining with CFS Technologies creates a powerful product line to serve the entire food production chain and other hygiene-critical industries, and Union Park Capital has a robust track record of scaling industrial technology companies to attain success.”