mynth
01/2026

SPRAYWAY acquired by HIGHLINE WARREN

UNITED STATES Consumer Products / Personal & Household / Cleaning Products EV 300M - 700M USD

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 in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.0x).

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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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2024
2023

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REFERENCES

Valuation range: EV 300M - 700M USD

EBITDA range: 25M - 50M USD

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