TruArc Partners Elevates Industrial Cleaning Innovator Meyer Laboratory to New Heights

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In the fast-evolving world of industrial and institutional cleaning, the recent acquisition of Meyer Laboratory by TruArc Partners marks a significant milestone. This move is not merely a transfer of ownership but symbolizes a step towards accelerated growth and innovation in the cleaning chemical industry. Meyer Laboratory, with its staunch dedication to delivering high-quality cleaning solutions, joins hands with TruArc Partners, a firm renowned for nurturing middle-market companies to reach their zenith.

Founded in 1978 and headquartered in Kansas City, MO, Meyer Lab has carved a niche for itself as a premier manufacturer and distributor of industrial and institutional (I&I) cleaning chemicals and application systems. With an array of products ranging from degreasers, disinfectants, to sanitizers, Meyer Lab has always stood at the forefront of meeting the dynamic needs of industries requiring top-notch, functional, and clean equipment and facilities. The company's commendable growth over the years can be attributed to its extensive network of sales representatives and local depots, ensuring timely delivery and unmatched service.

The symbiosis between Meyer Lab and TruArc Partners is an intriguing narrative of shared visions and aspirations. TruArc, with its strategic focus on specialty manufacturing and business services, finds a fitting partner in Meyer Lab, a company with a proven track record of success, driven by an exceptional management team and manufacturing capability. John Pless, Co-Managing Partner at TruArc, emphasized the alignment of Meyer Lab’s achievements and culture with TruArc’s investment philosophy, underscoring the potential for this partnership to foster an even more prosperous future.

The decision to sell Meyer Lab was described by Rusty Meyer, Co-Owner, as a challenging yet necessary step for both personal and company growth. This sentiment was echoed by the management team, who expressed enthusiasm about embarking on a growth journey with TruArc. This partnership is poised to leverage TruArc’s expertise and resources, focusing on key initiatives such as geographic expansion, customer base diversification, and product capability enhancement.

Guiding this new chapter will be Mike Miller, retaining his role as President of Meyer Lab, and Rusty Meyer, who will continue to serve as a key member of the Board of Directors. Their roles signify the blend of continuity and fresh perspectives, vital for steering Meyer Lab through its next growth phase. Moreover, John Schweig, an Operating Partner at TruArc, will join the Meyer Lab Board of Directors as Non-Executive Chairman, adding a layer of strategic oversight to the company’s growth ambitions.

At its core, Meyer Lab’s ethos revolves around exceptional customer service—a principle that remains unwavering under the new ownership. The emphasis on nurturing customer relationships while exploring new avenues for growth encapsulates the strategic direction envisioned by TruArc and Meyer Lab’s leadership.

This acquisition is not merely a transaction but a testament to the vibrancy and potential of the I&I cleaning sector. As industries across the globe face increasing demands for cleanliness and sanitation, the role of companies like Meyer Lab becomes ever more critical. With TruArc’s backing, Meyer Lab is set to amplify its impact, introducing innovative solutions that cater to the evolving needs of its diverse clientele.

The involvement of Lincoln International LLC and Baird as financial advisors to Meyer Lab and TruArc Partners, respectively, alongside the legal counsel provided by Husch Blackwell LLP and Davis Polk & Wardwell LLP, underscores the strategic importance of this acquisition. These partnerships reflect a concerted effort to ensure a seamless transition and a solid foundation for future growth.

Looking ahead, the synergies between Meyer Lab and TruArc Partners herald a new era of innovation, growth, and service excellence in the industrial and institutional cleaning chemical industry. By aligning Meyer Lab’s manufacturing prowess and TruArc’s strategic expertise, this partnership is poised to set new benchmarks, fostering environments that are not just cleaner but healthier and more productive. The journey ahead for Meyer Lab, under the aegis of TruArc Partners, is filled with exciting possibilities, promising to redefine the landscape of I&I cleaning solutions on a global scale.

In conclusion, the acquisition of Meyer Laboratory by TruArc Partners represents a forward-looking strategy that combines robust product offerings with strategic growth initiatives. It underscores a shared commitment to excellence, innovation, and customer satisfaction that will undoubtedly propel Meyer Lab to unprecedented heights in the cleaning industry. As this partnership unfolds, it will be fascinating to witness the transformative impact on both the company’s trajectory and the broader industry dynamics.