HIG Capital acquires Recochem from Swander Pace Capital
U.S. private equity firm HIG Capital has acquired Recochem Inc, a Montréal-based maker of aftermarket transportation and household fluids. Terms weren't released for the deal, which saw HIG acquire Recochem from U.S. private equity firm Swander Pace Capital. Swander Pace bought the business in 2014. Founded in 1951, Recochem's products span branded, private label and bulk offerings and include coolant, windshield wash fluid, diesel exhaust fluid and a range of household fluids and industrial chemicals. President and CEO Richard Boudreaux said the partnership with HIG will support the company's "numerous opportunities to expand globally." Recochem is Swander Pace's third exit from a Canadian portfolio company since early 2017.
6 September 2018•4 mins read
