MPE Partners has announced the recapitalization of Hi-Tech Industries, a leading automotive detailing product provider, to facilitate accelerated growth in the expanding automotive aftermarket.

Target Company Overview

Hi-Tech Industries, based in Farmington, MI, is a prominent supplier of consumable vehicle detailing and reconditioning products catering to both professional and do-it-yourself markets. With a diverse portfolio featuring over 2,300 stock-keeping units (SKUs), Hi-Tech has established itself as a one-stop shop in the car care industry, offering a range of innovative car care accessories, appearance liquids, and specialty aerosols across eight recognized brands.

Hi-Tech has maintained a significant presence in the automotive aftermarket, focusing on sectors such as professional detailing and automotive collision/body shop services. The company’s commitment to quality and innovation over its 70-plus year history has solidified its reputation as the preferred choice among distributors and end-users.

Industry Overview

The automotive aftermarket in the United States is experiencing robust growth, driven by factors such as an increase in vehicle ownership, aging vehicle populations, and heightened consumer interest in vehicle