CapVest completed the acquisition of a majority stake in Recochem from HIG Capital.

CapVest, an international private equity investor, completed the acquisition of a majority stake in Recochem, a global company in manufacturing, marketing, and distributing aftermarket transportation and household fluids, from HIG Capital, an investment firm. Financial terms were not disclosed. "HIG has been an outstanding partner to Recochem and instrumental in helping us execute on our strategic vision. H.I.G. added significant value to our business and our leadership team while supporting investments across the Company, all of which have strengthened our ability to deliver high-quality products and best-in-class service to our customers. We are excited to partner with CapVest to support Recochem’s next phase of growth. Their track record, expertise, and experience make CapVest an ideal partner for us as we pursue our ambitious plans for the future,” Shawn Davies, Recochem President & CEO.