Grimes, IA-based National Carwash Solutions (NCS), manufacturer of commercial car wash systems and cleaning fluid solutions and provider of maintenance services, has announced that its management team has partnered with AEA Investors in a strategic recapitalization to accelerate the growth of the company and expand the products and services NCS provides its customers.
AEA Investors is a global private equity firm that focuses on industrial products, chemicals, and consumer retail sectors. Previously, NCS, parent to the Ryko, MacNeil, and Clean-Touch brands, was owned by Trivest Partners.
“We are excited to have partnered with AEA Investors. This transaction will allow us to continue to strengthen our leadership position within the industry and best position us for growth in the coming years,” said Michael Gillen, CEO of NCS.
A definitive agreement has been signed and the closing is subject to antitrust approval and standard closing conditions.
AEA Investors LP was founded in 1968 and today manages funds that have approximately $10 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. For additional information, please visit aeainvestors.com.