(CHARLOTTE, NC – September 1, 2017) – North Inlet Advisors LLC is pleased to announce its role as financial advisor to The Scotts Miracle-Gro Company (NYSE: SMG) in connection with the completed sale of its European and Australian businesses to Exponent Private Equity LLP in a transaction valued at approximately $250 million. The completion of the previously announced transaction, which included the sale of ScottsMiracle-Gro’s operations in Australia, Austria, Belgium, France, Germany, Poland and the UK, was announced today. The transaction was the final major step in ScottsMiracle-Gro’s “Project Focus” multi-year portfolio realignment strategy.
“ScottsMiracle-Gro announced ‘Project Focus’ two years ago and, since that time, has made significant changes in its business portfolio, including the divestiture of its international consumer businesses, the expansion of its ownership in hydroponics company AeroGrow International, and its investment in live-goods supplier Bonnie Plants. North Inlet is delighted to have advised ScottsMiracle-Gro in those important events and in its broader corporate development strategy since 2014. Our long-term work on behalf of ScottsMiracle-Gro exemplifies the type of advisor-partner relationship we seek to build with our clients,” said Jeff Armstrong, the Managing Partner of North Inlet.
About North Inlet Advisors
North Inlet Advisors provides strategic advisory and investment banking services to public and private companies presented with new opportunities and challenges. For more information on North Inlet’s service offering, please visit www.northinletgroup.com.
North Inlet Advisors, LLC provides financial advice to companies on capital formation, mergers, acquisitions, divestitures, restructurings, and other complex corporate transactions. North Inlet Advisors is not a retail broker-dealer, does not conduct underwriting activities, provide research, analyst reports, or solicit or carry accounts, or offer or sell securities products to retail customers. North Inlet Advisors is registered as a broker-dealer with the U.S. Securities and Exchange Commission (“SEC”) and is a member of the Financial Industry Regulatory Authority (“FINRA”) and Securities Investor Protection Corporation (“SIPC”). Please visit www.finra.org, www.sipc.org, and North Inlet’s regulatory webpage for more information.