M&A Deal Summary

NCS Acquires Zep Vehicle Care

On September 27, 2021, NCS acquired chemicals company Zep Vehicle Care from Zep

Acquisition Highlights
  • This is NCS’s 1st transaction in the Chemicals sector.
  • This is NCS’s 1st transaction in the United States.
  • This is NCS’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-09-27
Target Zep Vehicle Care
Sector Chemicals
Buyer(s) NCS
Sellers(s) Zep
Deal Type Divestiture

Target

Zep Vehicle Care

Eagan, Minnesota, United States
Zep Vehicle Care is a provider of commercial car wash chemical and water reclamation solutions. The company’s well-recognized and established commercial car wash solution brands include Blue Coral, Black Magic, Rain-X, and Armor All Professional. Zep Vehicle Care is headquartered in Eagan, Minnesota.

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Buyer(S) 1

Buyer

NCS

Grimes, Iowa, United States
Category Company
Founded 1973
Sector Consumer Services
DESCRIPTION

NCS is a full-service fluids and systems provider to the vehicle care industry, including car wash systems, aftermarket parts, cleaning fluids, and vacuums all supported through its industry-leading distribution and services footprint. NCS was founded in 1973 and is based in Grimes, Iowa.

DEAL STATS #
Overall 1 of 3
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Mondo

Ajax, Ontario, Canada

Mondo manufactures and distributes a complete line of concentrated cleaning fluids for the car wash industry and is the largest car wash cleaning fluids, service, and equipment supplier in Canada. The company has built its reputation on supplying superior products coupled with unmatched customer service. Mondo’s unique packaging and method of connecting containers together allow for easy distribution, handling, and storage, providing a streamlined and high-quality solution for customers. Itas also developed a cloud-based chemical management system that allows customers to manage their chemical use for their car wash network directly from a desktop or mobile device. Mondo was formed in 1970 and is based in Ajax, Ontario.

Buy -

Seller(S) 1

SELLER

Zep

Atlanta, Georgia, United States
Category Company
Founded 1937
Sector Chemicals
Revenue 690M USD (2013)
DESCRIPTION
Zep's headquarters in Atlanta, Georgia.
Zep's headquarters in Atlanta, Georgia.

Zep is a manufacturer and marketer of a wide range of high-efficacy maintenance and cleaning solutions for commercial, industrial, institutional, and consumer end-markets under well-known and respected brand names. The breadth of the Zep product portfolio provides customized, superior cleaning and maintenance solutions to a broad customer base including manufacturers, food processors and preparers, restaurants, hospitals, schools, municipalities, government organizations, hotels and car washes.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 EcoClear

Canton, Georgia, United States

EcoClear LLC is a deep-cleaning solution provider that specializes in sanitizing and disinfecting food processing and refrigerated facilities.

Buy -
Mergr

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