Cleaning Technologies Group, LLC

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Cleaning Technologies Group, LLC - overview

Established

1916

Location

Cincinnati, OH, US

Primary Industry

Industrial Machinery

About

Cleaning Technologies Group, LLC offers specialized advanced parts cleaning solutions, focusing on high-performance aqueous parts washers and ultrasonic cleaning technologies for various industrial applications. Founded in 1916 and headquartered in Cincinnati, US, Cleaning Technologies Group, LLC (CTG) specializes in advanced cleaning solutions. The company has undergone strategic pivots to enhance its offerings in parts cleaning technologies. The CEO, Barney Bosse, leads the company, which has successfully completed three deals.


CTG continues to expand its operations globally, serving clients in North America, Asia-Pacific, and Europe. Cleaning Technologies Group, LLC (CTG) specializes in advanced parts cleaning solutions, primarily focusing on aqueous parts washers and ultrasonic cleaning technologies. Their core products include a full range of cleaning systems utilizing ultrasonics, megasonics, spray, and immersion cleaning techniques, addressing the cleanliness challenges faced by industrial manufacturers. Key sectors served include automotive, aerospace, and food and beverage processing.


CTG's diverse geographical reach encompasses markets in North America, Asia-Pacific, and Europe. The company also operates specialized divisions such as Ransohoff for parts cleaning and Blackstone-NEY Ultrasonics for precise ultrasonic cleaning, demonstrating a commitment to innovative cleaning solutions. CTG generates revenue through B2B transactions with industrial manufacturers and food processing companies requiring tailored parts cleaning solutions. Their sales model involves direct partnerships with clients, who purchase equipment outright or engage in long-term service agreements.


Revenue is supplemented by consumables and replacement parts for their cleaning systems. While specific pricing details are not publicly disclosed, CTG's flagship products and services, particularly from the Ransohoff and Sanicore Systems divisions, significantly contribute to its revenue generation strategies in targeted markets. CTG aims to enhance its product line with new offerings aimed at improving cleaning efficacy and operational efficiency. The company has plans to expand into additional international markets, particularly focusing on growth in Europe and Asia, by the end of 2024.


Recent funding will support these initiatives, although specific financial details remain undisclosed following Harbour Group's exit from its stake in Cleaning Technologies Group, LLC.


Current Investors

NM Group Global, LLC

Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery

Website

www.ctgclean.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Cleaning Technologies Group, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedCleaning Technologies Group, LLC-
BuyoutCompletedCleaning Technologies Group, LLC-

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