KPMG Corporate Finance LLC acted as exclusive financial advisor to Sterilex LLC
Based in Hunt Valley, Maryland, Sterilex is an award-winning industry leader in developing and marketing safe, innovative and cost-effective anti-biofilm, antimicrobial, cleaning and decontamination products which maximize health and safety. Built on the success of three generations of family-ownership the Company has become a regulatory expert in the continuous development of innovative food safety technologies and solutions that control microbial threats within food processing, animal health and water treatment applications. The Company’s solutions prevent disease, enhance well-being, and increase productivity by maintaining healthy commercial operating environments.
“The market recognizes our people, products and solutions for being truly innovative and continuously evolving to meet industry needs. Well, the same is true for our organization,” said Alex Josowitz, President of Sterilex. “This is a new chapter in the evolution of Sterilex and we could not be more excited to continue our journey in partnership with Paine Schwartz. Sterilex has a rich history of living our mission and developing value-added solutions which safeguard the food supply, protect human and animal health and optimize operational efficiencies. PSP has understood this from day one and their insights and track record in food safety make Paine Schwartz the ideal partner for Sterilex.”
In commenting on the transaction, Mr. Josowitz said “The shareholders were introduced to KPMG’s Baltimore-based M&A team through a mutual local investor group who had previously engaged KPMG on a successful transaction. Our mission was to find the best long term partner for our business and to find the best outcome for our shareholders. I am genuinely appreciative of the impact that KPMG had on our process. Their constant focus on finding the best outcome, outstanding support throughout the entire process and 100% availability ensured an exceptional outcome for Sterilex. KPMG was a true partner throughout this process.”
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KPMG Corporate Finance LLC
The global Corporate Finance practice of the KPMG International network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.