Parcrest Advisors Completes Marquee Automotive Aftermarket

NEW YORK, July 19, 2022 /PRNewswire/ — Parcrest Advisors (“Parcrest”) served as the unique expenditure banking advisor to 3D Vehicle Treatment (“3D” or the “Company”) on its strategic investment decision from MPE Associates (“MPE” or “Morgenthaler Personal Fairness”) alongside with MPE’s portfolio firm Hello-Tech Industries (“Hello-Tech”). 3D is globally identified as the optimum high quality model of auto care and automotive detailing goods, comprised of compounds, polishes, ceramic coatings, cleaning supplies and accessories. The Corporation manufactures the maximum grade compounds and polishes out of its Santa Clarita, California headquarters and operates a number of facilities in California, Ohio and Florida. Providing through skilled detailing, human body store and e-commerce channels, 3D proceeds to develop its present-day presence in more than 26 states and 57 nations around the world.

“Participating Parcrest Advisors has been one particular of the finest choices our loved ones could have produced.”

Started in 1996, 3D has developed to come to be a world-wide, economic downturn resistant, multi-channel organization with a sturdy foundation to travel exponential expansion. In the past a few years, the Corporation has invested in developing a ideal-in-course abrasives manufacturing procedure, opened Ohio and Florida warehouses and introduced its possess immediate-to-shopper internet site.

“Partaking Parcrest Advisors has been just one of the ideal selections our family could have created. Integrity, transparency and unrelenting advocacy by just about every twist and convert of this journey sets Parcrest aside from other monetary institutions. Bankers at Parcrest stood by our story and our values, and crafted a competitive system with quite a few experienced strategic and economical investors. This gave us a one of a kind opportunity to choose the best husband or wife for the upcoming of 3D,” stated Tunch Goren, Founder and Chief Govt Officer of 3D.

“We were pretty pleased to function with Parcrest, who played a critical part in jogging a fair, efficient course of action and in the end ensuring a profitable end result for all functions included. MPE sights 3D as highly complementary to its past investment decision in Hi-Tech Industries, where significant  possibilities exist for professional collaboration. We are thrilled to have the opportunity to associate with 3D on the future chapter of its evolution.” mentioned Constantine Elefter, Principal at MPE.

“Satisfied for the Goren relatives and fired up about the new journey forward for 3D. The combination of 3D and MPE is a fantastic match allowing the Goren loved ones to maximize proceeds and to partner with price-extra capital that allows the enterprise to obtain new heights. We are enthusiastic to have experienced the chance to suggest on the sale of these a substantial-excellent small business and quality asset and remain enthusiastic about the brand and prospects ahead,” mentioned Francisco Lume, Taking care of Associate at Parcrest Advisors.

“This specific transaction represents a milestone deal for Parcrest. Our process resulted in a premium valuation in the automotive aftermarket sector, which continues to be a considerable concentrate for Parcrest. We are honored to have been entrusted with this essential responsibility and pleased to have shipped a fortuitous result for the Goren relatives, 3D and MPE,” stated James C. Lee, Founder and Controlling Lover of Parcrest Advisors.

About 3D Auto Care

3D Vehicle Treatment is a globally regarded manufacturer of the maximum quality vehicle treatment and automobile detailing goods to the expert detailing, body store and e-commerce channels. The Company manufacture and sells compounds, polishes, ceramic coatings, cleansing materials and accessories. Even further information and facts about 3D can be observed at www.3Dproducts.com.

About Hello-Tech Industries

Headquartered in Farmington, MI, Hi-Tech is a main company of revolutionary automobile care equipment, visual appearance liquids, and specialty aerosols. With in excess of 2,300 SKUs bought across 8 very-regarded models, Hello-Tech is the preeminent one particular-halt solution in the detailing and reconditioning current market. For far more information and facts, you should take a look at www.htiusa.com.

About Morgenthaler Non-public Fairness

Morgenthaler Personal Fairness seeks to be the most well-liked spouse for entrepreneur- and relatives-owned companies. Based mostly in Cleveland, OH, and Boston, MA, MPE invests in profitable, lessen center sector companies with transaction values up to $250 million. MPE has two main target investment decision locations: high-worth manufacturing and professional & industrial companies. For much more information and facts, remember to visit www.mpepartners.com.

About Parcrest Advisors

Parcrest Advisors is a promptly developing expenditure lender based mostly in New York Metropolis with a potent concentrate in buyer and industrials sectors. In order to deliver securities-associated expert services talked about herein, principals of Parcrest are licensed with Independent Investment decision Bankers, Corp. member FINRA & SiPC. Unbiased Financial investment Bankers, Corp. and Parcrest are not affiliated entities. Additional information and facts about Parcrest is offered at www.parcrest.com.

MEDIA CONTACTS

James C. Lee

Founder & Controlling Lover

+1 (212) 520-1717

[email protected]

Francisco Lume

Handling Partner

+1 (212) 520-1718

[email protected]

Perspective unique written content:https://www.prnewswire.com/news-releases/parcrest-advisors-completes-marquee-automotive-aftermarket-ma-transaction-concerning-3d-car or truck-care-and-mpe-companions-301589411.html

Source Parcrest Advisors

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