Niteo Products, a portfolio company of Highlander Partners L.P., announced the acquisition of the automotive chemical products portfolio sold under the Motor Medic brand from RSC Chemical Solutions. Founded in 2015, through the acquisition of the Valvoline car care assets from Ashland Inc., and headquartered in Dallas, Niteo is a leading manufacturer and marketer of automotive fragrance, appearance and performance products.
The Motor Medic suite of automotive chemical products, including motor flush, starting fluids, fuel additives, transmission fluids, oil additives, injector cleaners, power steering fluids and cooling system fluids, provides Niteo with another leading brand that is highly complementary to its existing product portfolio, says the company. The company’s products are offered in hardware, convenience, mass merchants and automotive retailers throughout North America and internationally. The acquisition of Motor Medic furthers Niteo’s automotive chemical product offering and strengthens its complete car care lineup for retailers. The Motor Medic manufacturing and operations will be based in Niteo’s existing facilities in Hernando, Mississippi.
Cameron Evans, CEO of Niteo, said, “The addition of the Motor Medic brand family of products will enhance Niteo’s breadth in the automotive chemicals and functional fluids category, adding a strong brand alongside Niteo’s existing product offering. We are excited to leverage the brand and continue growing the business.”
Jeff Hull, president and managing partner of Highlander and chairman of Niteo, said, “The addition of Motor Medic to our growing family of brands further reinforces our strategy to build a leading business in the automotive fragrance, appearance, performance and maintenance chemical markets. Closing our sixth acquisition in this space within the past three years further validates our intent to utilize acquisitions to complement our organic growth efforts. We continue to evaluate numerous other potential transactions and expect to close additional acquisitions in the future.”
