Rexair LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Rexair LLC - overview

Established

1936

Location

Troy, MI, US

Primary Industry

Consumer Products

About

Rexair LLC specializes in innovative home cleaning solutions, particularly through its Rainbow® Cleaning System, which effectively utilizes water-based filtration to improve indoor air quality and cleanliness. Founded in 1936 and headquartered in Troy, US, Rexair LLC is known for the Rainbow Cleaning System, a unique cleaning solution that combines water filtration with powerful suction capabilities. In February 2019, Rhône Group agreed to acquire Rexair LLC from Newell Brands. The transaction is expected to close by the end of the second quarter of 2019.


In May 2019, the transaction was completed. Rexair LLC’s primary offering is the Rainbow Cleaning System, which utilizes water as a filtration medium to trap dirt and odors, thereby releasing clean, water-washed air into the environment. This innovative cleaning solution is designed for residential use, effectively addressing common indoor air quality concerns while enhancing the overall cleanliness of living spaces. The Rainbow system is sold with a variety of attachments, including the Power Nozzle, AquaMate, and MiniJet, allowing users to tackle different cleaning tasks across various surfaces.


Since its inception in 1936, the company has focused on continuous product development and improvement, targeting consumers who seek a comprehensive cleaning system for their homes. The Rainbow products are marketed primarily in North America, Europe, and select markets in Asia, appealing to homeowners and cleaning professionals looking for effective, eco-friendly cleaning solutions.


Current Investors

Rhone Group

Primary Industry

Consumer Products

Sub Industries

Consumer Products, Industrial Machinery

Website

www.rainbowsystem.com

Verticals

Manufacturing

Total Amount Raised

Subscriber access only

Rexair LLC - financials

Fiscal Year EndedDec 31, 2018
Revenue (USD)-
% Revenue Growth (YoY)-
EBITDA (USD)-
Operating Income (USD)-
Operating Margin-
% EBITDA Margin-
NET Income (USD)-
% Net Margin-

Rexair 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)
BuyoutCompletedRexair LLC-
Trade SaleCompletedRexair LLC-
BuyoutCompletedRexair LLC-

Displaying 1 - 3 of 3

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.