01/2026100%

Sprayway acquired by Highline Warren

UNITED STATES Consumer Products / Personal & Household / Cleaning Products EV $300–700M

Context

Highline Warren acquired the Sprayway brand from PLZ Corp in a transaction valuing the asset at approximately $300 million (based on reported deal rumors from late 2025). Both companies are portfolio companies of Pritzker Private Capital. The deal followed a strategic review led by Goldman Sachs where external bids were considered. Ultimately, the asset was moved to Highline Warren to leverage its massive automotive distribution network (auto parts stores, mechanics) where Sprayway's industrial and auto-detailing products have high growth potential. Conversely, this allows the seller, PLZ Corp, to pivot fully toward a "pure-play" contract manufacturing (CDMO) model without the distraction of managing a branded retail product.

Sprayway, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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Target

Founded in 1947, Sprayway is a heritage American brand best known for its "World's Best" ammonia-free foaming glass cleaner. While originally a household staple, the brand has successfully expanded into automotive detailing and Corporate maintenance (MRO). Before the transaction, it was the flagship consumer-facing asset of PLZ Corp.

Ent. Value

$300–700M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2024

2023

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REFERENCES

Valuation range: EV $300–700M

EBITDA range: $25–50M

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Sprayway by Highline Warren are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: sprayway

FAQ

What transaction does this page cover?

This page covers Highline Warren’s acquisition of 100% of Sprayway, an American company specialised in Personal & Household, in 2026.

How was the acquisition of Sprayway by Highline Warren valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $300–700M band and its EV/EBITDA multiple within the 10x - 18x range. Exact figures are available to members.

What was Sprayway’s EBITDA at the time of the deal?

At the time of the transaction, Sprayway’s EBITDA was estimated within the $25–50M bracket (FY 2024). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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