Consumer, Food & Retail

Hi-Tech Industries

Provider of consumable, branded automotive detailing and reconditioning products serving the professional / DIFM automotive appearance market.

Transaction Overview

  • Represented Hi-Tech Industries, LLC (“Hi-Tech” or the “Company”), a subsidiary of NiTEO Products, LLC (“NiTEO”), a portfolio company of Highlander Partners, L.P. (“Highlander”), in its sale to MPE Partners.
  • Hi-Tech markets a broad offering of consumable, branded automotive detailing and reconditioning products serving the professional / Do-It-For-Me automotive appearance market.

Key Observations

  • Highlander was seeking to divest Hi-Tech from the NiTEO portfolio of brands given Hi-Tech’s strong standalone performance and focus on hard-good products in relation to NiTEO’s core chemical suite.

Drivers of Interest

  • Expansive portfolio of over 2,300 individual SKUs sold across Hi-Tech and its eight highly recognized sub-brands.
  • Strategically positioned across various car- and marine-care categories enable a “one-stop-shop” model.
  • Vertically integrated operational profile, with a design and sourcing, light manufacturing (e.g., cutting and sewing) and assembly as well as value-add tasks such as kitting, packaging, and labeling.
  • Highly fragmented base of over 1,800 distributors that serve the professional car-care market.  
  • Strong product differentiation and end user demand.
  • Impressive financial profile headlined by strong margins and cash flow generation.
  • Numerous actionable organic and inorganic growth strategies with a well-established, scalable platform for expansion.
Read Press Release
Hennepin Partners LLC