Niteo Products, LLC, 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, Texas, Niteo is a manufacturer and marketer of automotive fragrance, appearance and performance products.
The Motor Medic suite of automotive chemical products includes motor flush, starting fluids, fuel additives, transmission fluids, oil additives, injector cleaners, power steering fluids, and cooling system fluids. The products are offered in hardware, convenience, mass merchants and automotive retailers throughout North America and internationally. The Motor Medic manufacturing and operations will be conducted from Niteo's existing facilities in Hernando, Mississippi.
"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," Cameron Evans, CEO of Niteo, said. "We are excited to leverage the brand and continue growing the business."
"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," Jeff L. Hull, president of Niteo, said. "Closing our sixth acquisition in this space within the last 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."
