CapVest has acquired Recochem from H.I.G. Capital

Recochem

Headquartered in Montreal with more than $1 billion in revenue, Recochem is a leading global provider of auto aftermarket transportation and household fluids across diverse end markets. Recochem’s product portfolio spans branded, private label, licensed and bulk offerings and includes coolants, windshield washer fluid, diesel exhaust fluid, appearance products and a broad range of household fluids and industrial chemicals.

The Deal

CapVest had followed the evolution of Recochem under H.I.G Capital’s ownership and was impressed by the company’s product and geographic expansion, its track record of value-accretive acquisitions and the overall strength of the management team. As CapVest partners with Recochem’s management to drive the next stage of evolution for the company, it brings significant expertise and capabilities to accelerate growth via continued global expansion both organically and through acquisitions. Lincoln International acted as financial advisor to CapVest, providing valuation guidance, unique business insights and negotiation support. Lincoln’s deep knowledge of Recochem and its core categories along with its competitive and industry intelligence were instrumental to the transaction’s success.

Our Perspective

Riccardo Cazzoli, Lincoln International Managing Director who led the transaction, commented, “We are honored to have worked with CapVest in this marquee transaction. CapVest is uniquely positioned to propel Recochem forward and drive significant value creation through global expansion. This transaction demonstrates Lincoln’s unique understanding of the automotive aftermarket industry. It builds on our strong credentials in the industry and as experienced advisors helping private equity clients succeed in high-profile, buy-side transactions. We look forward to witnessing Recochem’s continued success under CapVest’s stewardship over the coming years.”

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