Stout Advises on Sale of MrSteam

Stout announced that its client MrSteam has been acquired by a strategic buyer. Stout served as exclusive financial advisor to MrSteam in connection with this transaction.

Headquartered in Long Island City, NY, MrSteam is the world leader in innovative, award-winning, and technologically driven home spa products that transform residential and commercial steam bathing experiences. The brand's comprehensive product suite encompasses cutting-edge and proprietary steam generators, steamheads, digital controls with advanced connectivity functionality, and innovative therapies designed to create a relaxing, multi-sensory experience.

MrSteam’s systems are sold nationwide and internationally by an extensive network of high-caliber representative agencies, a diversified base of world-class plumbing and bath products distributors and wholesalers, luxury bath showrooms, and via e-commerce. MrSteam’s systems are incorporated into single- and multi-family residences, clubs, spas, hotels, resorts, athletic stadiums, arenas, and many other health- and wellness-related facilities. MrSteam has a proud legacy of over 50 years in the wellness industry providing steam therapy systems for a range of applications.

Steven Rathbone, Managing Director in Stout's Investment Banking group, led the transaction.

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