Fort Collins-based WaterPik Inc. has been acquired by private-equity groups for an undisclosed sum, according to a statement Tuesday by WaterPik.
EG Capital, based in New York City, and the Washington, D.C-based Carlyle Group sold their stake in WaterPik to MidOcean Partners, Vulcan Capital and other investors, a MidOcean statement said.
Vulcan Capital is the investment arm of Paul Allen’s Vulcan Inc.
New York-based MidOcean focuses on consumer, business, media and industrial services, according to the group’s website. The group’s consumer investments include Jenny Craig and Sbarro.
“MidOcean has followed the success of WaterPik for a number of years, and we are very excited to be partnering with a company that is truly an innovative leader within the health and wellness categories,” MidOcean managing director Robert Sharp said in a statement.
Water Pik’s oral-health business includes a line of water flossers, sonic toothbrushes and dental products.
Richard Bisson will remain WaterPik’s chief executive.
