HIG Capital acquired Recochem from Swander Pace Capital.

Private equity firm HIG Capital acquired Recochem, global leader in manufacturing, marketing and distributing aftermarket transportation and household fluids, from Swander Pace Capital. Financial terms were not disclosed. Richard Boudreaux, President and CEO of Recochem, commented, “We are very excited about partnering with H.I.G. to support Recochem’s next phase of growth and strengthen our market leadership. The Company continues to have numerous opportunities to expand globally and H.I.G.’s experience in our sector and global presence will help us effectuate our strategic plan.”