Baird's Investment Banking Group is pleased to announce the following transaction:

November 2021
Zep Vehicle Care Inc.
Sale to National Carwash Solutions
Baird served as the exclusive financial advisor to Zep Inc. on this transaction

Zep Vehicle Care Inc. (“ZVC” or the “Company”), a division of Zep, Inc., a portfolio company of New Mountain Capital, was acquired by National Carwash Solutions (“NCS”), a portfolio company of Berkshire Partners. Terms of the transaction were not disclosed.

ZVC is a leading 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®. ZVC’s equipment offerings include PurClean™, providing rinse and water recovery systems for car wash operators. ZVC is headquartered in Eagan, Minnesota.

NCS is a leading full-service fluids and systems provider to the vehicle care industry. NCS’ end-to-end offering includes service, parts, and environmentally friendly cleaning fluids. NCS operates a family of brands, including MacNeil Wash Systems, Ryko Solutions, Lustra products, CleanTouch Cleaning Solutions, NCS College of Clean, and Vacutech. NCS is headquartered in Grimes, Iowa.

For additional information about this transaction, please contact:

Nick Pavlidis +1-312-609-4977
Mike Lindemann +1-414-298-7408
Les Cheek +1-617-426-5789
Mike Barina +1-414-298-1885
Adam Czaia +1-414-298-7358
Scott Ehlen +1-617-451-4541