USA: National Carwash Solutions to acquire Zep Vehicle Care
ZVC will bring to the newly combined entity its chemical offerings, and its water management and reclamation equipment brand.
National Carwash Solutions (NCS), a world’s premier provider of end-to-end car wash systems, services, and solutions, has signed a definitive agreement to acquire Zep Vehicle Care (ZVC) from Zep, Inc. Terms of the transaction, which is subject to customary regulatory approvals, were not disclosed, according to a company’s press release.
ZVC’s commercial car wash chemical offerings will complement NCS’ existing products. ZVC also brings its water management and reclamation equipment brand to the combined entity.
“ZVC’s beloved products are a great fit with our chemicals offering and will enhance our ability to provide car wash operators with a superior selection of chemicals, equipment, and solutions. We’re also excited for this opportunity to provide operators with an easy, integrated sales and service experience with the best talent in the industry,” said Mike Gillen, CEO of NCS.
Mike Gillen will continue to serve as CEO of NCS, Greg Heyer will lead the ZVC business, and executives from both NCS and ZVC will take on leadership positions. Berkshire Partners, an existing investor in NCS, will be the majority owner of the newly combined organization. Zep, Inc., a leading innovator and manufacturer of maintenance, cleaning, and sanitation solutions, is majority-owned by New Mountain Capital.
