Recochem, a portfolio company of H.I.G. Capital, has acquired Torque Detail, a branded provider of automotive detailing products.
Recochem is a manufacturer of branded, private label, and bulk automotive aftermarket and household fluids used in consumer and industrial applications. The company’s product portfolio includes coolants, windshield wash fluids, diesel exhaust fluids, and a range of household fluids and industrial chemicals. The company’s products are sold online and through general merchandise, automotive aftermarket, and home improvement retailers. Recochem, led by CEO Rick Boudreaux, was founded in 1951 and is headquartered in Montreal with additional operations in Europe, Australia, China, India and the Asia-Pacific region.
Torque Detail is a digitally native brand, and its products are available through the company’s e-commerce website and through Amazon. The company was founded in 2012 by Frank Mitchell, a car enthusiast, and former professional detailer.
The acquisition of Torque Details is the fifth add-on acquisition completed by Recochem since being acquired by H.I.G. from Swander Pace Capital in August 2018. Other add-on acquisitions by Recochem include KOST USA, a Cincinnati-based maker of private label and branded coolants and antifreeze (December 2020), Paint Over Rust Products (POR Products), a New York-based manufacturer and distributor of rust preventative and metal restoration chemicals (December 2020); Colorado-based Adam’s Polishes (April 2020); and Québec-based Auto-Chem (February 2020).
Post-closing, Torque Detail will continue to operate under the Torque brand as a part of Recochem’s Car Care division.
H.I.G. specializes in providing debt and equity capital to small and medium-sized companies and invests in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. The firm has over $49 billion of equity capital under management. H.I.G. was founded in 1993 and is headquartered in Miami with additional offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta.
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