Recochem

CG Sawaya Partners Advises Recochem on its Acquisition by CapVest

CG Sawaya Partners is pleased to announce it has advised Recochem (the “Company”), a portfolio company of H.I.G, on its acquisition by funds managed by CapVest. H.I.G. will remain a minority investor in the Company.

Recochem, with revenues in excess of $1 billion, is a leading global manufacturer, marketer, and distributor of aftermarket transportation and household fluids. Founded in 1951 and headquartered in Montreal, Quebec, Canada, the Company serves consumers and industrial customers worldwide through its operations in North America, Europe, Australia, and Asia-Pacific.

H.I.G, a leading global alternative investment firm, acquired Recochem in August 2018 in partnership with the Company’s management team. Through product category and geographic expansion, execution of strategic initiatives, and synergistic add-on acquisitions, the Company achieved significant growth under H.I.G.’s ownership period. CG Sawaya advised Recochem on its sale to HIG in 2018.