National Carwash Solutions (NCS), provider of end-to-end car wash systems, services, and solutions, has announced that it has signed a definitive agreement to acquire Zep Vehicle Care (ZVC) from Zep Inc.
ZVC’s commercial car wash chemical offerings, marketed under well-known brands, including Armor All Professional ®, Blue Coral ®, and Rain-X ®, will complement NCS’ existing products to provide customers with the broadest selection of car wash chemicals. These products will be additive to NCS’s comprehensive equipment and service offering, including MacNeil Wash Systems, Ryko Solutions, TSS products and services, and Vacutech Vacuums. ZVC also brings its PurClean water management and reclamation equipment brand to the combined entity.
Mike Gillen will continue to serve as CEO of NCS; Greg Heyer, chief commercial officer of ZVC, will lead the ZVC business; and executives from both NCS and ZVC will take on leadership positions. Berkshire Partners, an existing investor in NCS, will be the majority owner of the newly combined organization. Zep Inc.; a leading innovator and manufacturer of maintenance, cleaning, and sanitation solutions; is majority-owned by New Mountain Capital.
Terms of the transaction, which is subject to customary regulatory approvals, were not disclosed.