Meyer Laboratory, Inc. Sells to New York-based Private Equity Firm

Owners of the Kansas City-based manufacturer Meyer Laboratory, Inc. have sold their company to a private equity firm in New York.

New York-based TruArc Partners announced it had acquired Meyer Lab from its owners Russell Meyer and William “Rusty” Meyer, according to a release.

Terms of the deal were not disclosed.

Founded in 1978, Meyer Labs is a manufacturer and distributor of industrial and institutional cleaning chemicals and application systems. The company’s website shows the manufacturer has served fire safety, concrete, asphalt, food production and other industries. Meyer Lab’s core chemical solutions include degreasers, disinfectants, and sanitizers as well as products for broader cleaning needs, according to the release.

“Selling Meyer was a hard decision for my father and me,” co-owner of Meyer Labs, Rusty Meyer said in the release. “The entire company is part of our family. However, it was the right time for us and for the company to make this transition. We believe TruArc is the right partner to help accelerate the growth of Meyer Lab well into the future.”

The president of Meyer Lab, Mike Miller will continue in his role and Rusty Meyer will remain with the company as a member of the Board of Directors.

In 2018, Meyer Lab was honored with Ingram’s Family Owned Business Award. Rusty Meyer was recognized in Ingram’s 40 Under Forty class of 2018 and Mike Miller was also recognized in Ingram’s 40 Under Forty class of 2023.

Lincoln International LLC served as financial advisor to Meyer Lab and Baird served as financial advisor to TruArc Partners. Husch Blackwell LLP acted as legal counsel to Meyer Lab and Davis Polk & Wardwell LLP acted as legal counsel to TruArc Partners.