Deal Watch: Good Clean Love wins investment


0710_Dealwatch02Wendy Strgar, founder and CEO of the Eugene natural sexual health products company Good Clean Love, comes off as a pretty candid person. She talks frankly about female sexual dysfunction, personal lubricants and how all-natural “love products” saved her marriage of 24 years.

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0710_Dealwatch01BY JON BELL

Wendy Strgar, founder and CEO of the Eugene natural sexual health products company Good Clean Love, comes off as a pretty candid person.

She talks frankly about female sexual dysfunction, personal lubricants and how all-natural “love products” saved her marriage of 24 years.

Strgar also makes no bones about her business savvy.

“There is really a basic amount of business knowledge you need to play the game at all,” she says. “That’s not me.”

Her candor, however, along with a pretty compelling business case for all-natural intimacy products in a $500 million-a-year market space, helped Strgar nab a $165,000 investment prize at this year’s Willamette Angel Conference in Eugene.

Strgar founded Good Clean Love as a cottage industry in her kitchen in 2003. Her idea was to offer all-natural and organic oils, lotions and lubricants as an alternative to the petrochemical-based options on the market.
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Today, Good Clean Love employs five, rings up annual sales of around $250,000 and has its products in specialty shops as well as stores like Whole Foods and Fred Meyer.

Strgar says the WAC prize will help the company broaden its market and build the brand. She also hopes to hire a new CEO this summer and solidify some other investments that came as a result of the conference. The company’s current plan projects revenues of nearly $5 million with a total investment of $500,000.

“It’s going to be an exciting ride,” Strgar says.

MERGERS AND ACQUISITIONS
PRICEEXP. CLOSEBUYER / PARENT (HQ)SELLER / PARENT (HQ)ANNOUNCED
$180MQ2FLIR (Portland)Raymarine Holdings (England)5/14
$103.6MQ2MEMC Electronic Materials (MO)Solaicx (CA)5/24
$65.3MQ2Carl Icahn (NY)Mentor Graphics – 6.9% stake (Wilsonville)5/28
NDQ2Alaska USA Insurance Brokers (AK)Rainier Pacific Insurance Services/Umpqua Bank (Portland)5/5
NDQ2Harris Corp (FL)SignaCert (Portland)5/17
NDQ2Hearthside Food Solutions (IL)Golden Temple (Eugene)5/12
NDQ2Lighthouse Home Loans (Salem)Horizon Mountain Mortgage (Silverton)5/10
NDQ2PennyMac Loan Services (CA)Bank of the Cascades – mortgage servicing rights (Bend)5/28
NDQ2Reliant Behavioral Health (Portland)Employee Assistance Services Enterprises (Portland)5/13
NDQ2Rich Connor, Mark Dagg and Alex Canizales (Portland)Planned Marketing Solutions International (Portland)5/25
NDQ2Tektronix/Danaher (Washington, D.C.)Mixed Signals (CA)5/17
CAPITAL RAISING AND CONTRACTS
PRICE (TYPE)COMPANY (HQ) / LEADERSHIPINVESTOR (HQ)ANNOUNCED
$86M (IPO)Tripwire (Portland)/James JohnsonPublic investors5/28
$75M (IPO)Erickson Air Crane (Portland)/Udo RiederPublic investors5/13
$50M (public offering)Greenbrier (Lake Oswego)/William FurmanPublic investors5/13
$25M (grant for Boardman biorefinery)ZeaChem (CO)/Jim ImblerU.S. Dept of Energy5/14
$16M (business school donation)Oregon State University (Corvallis)/Edward RayJoan and Ken Austin Jr. (Newberg) and Pat and the late Al Reser (Beaverton)5/10
$10.6M (Willamette River bridge contract)Wildish Standard Paving (Eugene)/James WildishODOT and the Federal Highway Administration5/17
$10M (announced public offering)Bank of Oswego (Lake Oswego)/Dan HeinePublic investors5/27
$7.9M (highway contract)Concrete Enterprises (Stayton)/Richard MillerODOT5/14
$1.4M (private placement)Naturally Advanced Technologies (Portland and Vancouver, BC)/Ken BarkerPrivate investors5/21
$165,000 (investment prize)Good Clean Love (Eugene)/Wendy StrgarWillamette Angel Conference (Eugene)5/14
REAL ESTATE TRANSACTIONS
PRICEBUYER / PARENT (HQ)REAL ESTATE (LOCATION) / SELLER (HQ)ANNOUNCED
$2MConcordia University (Portland)17,000-sq.-ft. building (ID)/Front 5 (ID)5/10
$1.2MAmerican Pacific International Capital (Portland)Oregon Pacific Building (Portland)/Ted Papas (Portland)5/6
$600,000Powerstrip Investments (Portland)6,100-sq.-ft. commercial (Gresham)/Honey LLC (Portland)5/31
NDPortland Community College (Portland)Five acres industrial (Portland)/State of Oregon5/3



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