Car Care

Parcrest Advisors Completes Marquee Automobile Aftermarket M&A Transaction between three-D Automotive Care and MPE Companions

NEW YORK, July 19, 2022 /PRNewswire/ — Parcrest Advisors (“Parcrest”) served because the unique funding banking guide to three-D Automotive Care (“three-D” or the “Corporate”) on its strategic funding from MPE Companions (“MPE” or “Morgenthaler Non-public Fairness”) together with MPE’s portfolio corporate Hello-Tech Industries (“Hello-Tech”). three-D is globally identified as the best quality logo of auto care and car detailing merchandise, constituted of compounds, polishes, ceramic coatings, cleansing provides and equipment. The Corporate manufactures the best possible grade compounds and polishes out of its Santa Clarita, California headquarters and operates more than one amenities in California, Ohio and Florida. Promoting via skilled detailing, frame store and e-commerce channels, three-D continues to develop its present presence in over 26 states and 57 nations all over the world.

Based in 1996, three-D has developed to turn into an international, recession resistant, multi-channel trade with a powerful basis to power exponential enlargement. Up to now 3 years, the Corporate has invested in development a best-in-class abrasives production operation, opened Ohio and Florida warehouses and introduced its personal direct-to-consumer website online.

“Attractive Parcrest Advisors has been some of the ultimate selections our relatives may have made. Integrity, transparency and unrelenting advocacy via each twist and switch of this adventure units Parcrest except for different monetary establishments. Bankers at Parcrest stood through our tale and our values, and crafted a aggressive procedure with a lot of certified strategic and fiscal buyers. This gave us a singular alternative to make a choice the most efficient spouse for the way forward for three-D,” mentioned Tunch Goren, Founder and Leader Government Officer of three-D.

“We have been more than happy to paintings with Parcrest, who performed a essential position in working an even, environment friendly procedure and in the long run making sure a a success end result for all events concerned. MPE perspectives three-D as extremely complementary to its earlier funding in Hello-Tech Industries, the place important  alternatives exist for industrial collaboration. We’re excited to have the ability to spouse with three-D at the subsequent bankruptcy of its evolution.” said Constantine Elefter, Important at MPE.

“Glad for the Goren relatives and thinking about the brand new adventure forward for three-D. The mix of three-D and MPE is an ideal fit permitting the Goren relatives to maximise proceeds and to spouse with value-added capital that permits the corporate to succeed in new heights. We’re excited to have had the chance to advise at the sale of this kind of high quality trade and top rate asset and stay the logo and chances forward,” mentioned Francisco Lume, Managing Spouse at Parcrest Advisors.

“This actual transaction represents a milestone deal for Parcrest. Our procedure ended in a top rate valuation within the car aftermarket sector, which is still an important focal point for Parcrest. We’re commemorated to were entrusted with this vital accountability and happy to have delivered a fortuitous end result for the Goren relatives, three-D and MPE,” said James C. Lee, Founder and Managing Spouse of Parcrest Advisors.

About three-D Automotive Care

three-D Automotive Care is a globally identified logo of the best quality automobile care and auto detailing merchandise to the pro detailing, frame store and e-commerce channels. The Corporate manufacture and sells compounds, polishes, ceramic coatings, cleansing provides and equipment. Additional details about three-D will also be discovered at www.3Dproducts.com.

About Hello-Tech Industries

Headquartered in Farmington, MI, Hello-Tech is a number one supplier of leading edge automobile care equipment, look liquids, and area of expertise aerosols. With over 2,300 SKUs offered throughout 8 highly-recognized manufacturers, Hello-Tech is the preeminent one-stop answer within the detailing and reconditioning marketplace. For more info, please seek advice from www.htiusa.com.

About Morgenthaler Non-public Fairness

Morgenthaler Non-public Fairness seeks to be the most popular spouse for entrepreneur- and family-owned corporations. Based totally in Cleveland, OH, and Boston, MA, MPE invests in winning, decrease heart marketplace corporations with transaction values as much as $250 million. MPE has two number one goal funding spaces: high-value production and industrial & business products and services. For more info, please seek advice from www.mpepartners.com.

About Parcrest Advisors

Parcrest Advisors is a swiftly rising funding financial institution primarily based in New York Town with a powerful focal point in user and industrials sectors. With a purpose to supply securities-related products and services mentioned herein, principals of Parcrest are authorized with Impartial Funding Bankers, Corp. member FINRA & SiPC. Impartial Funding Bankers, Corp. and Parcrest aren’t affiliated entities. Additional details about Parcrest is to be had at www.parcrest.com.

MEDIA CONTACTS

James C. Lee
Founder & Managing Spouse
+1 (212) 520-1717
[email protected]

Francisco Lume
Managing Spouse
+1 (212) 520-1718
[email protected]

SOURCE Parcrest Advisors

Parcrest Advisors Completes Marquee Automobile Aftermarket M&A Transaction between three-D Automotive Care and MPE Companions

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