Niteo Products (Highlander Partners) Acquires Assets of AP Formulators

San Francisco Equity Partners Acquires Formula Corp

February 20, 2025

Manufacturing

San Francisco Equity Partners (SFEP) has acquired a majority stake in Formula Corp, a Washington-based formulator and contract manufacturer of cleaning products for consumer and professional end markets. Formula Corp co-founders Chas Werner and Alan Gangl will remain shareholders; Alexander Hutton acted as exclusive financial advisor to Formula Corp. SFEP said it will support Formula’s growth leveraging its experience building private-label and specialty manufacturing businesses focused on sustainable formulations and eco-friendly packaging.

NiTEO Products (Highlander Partners) Acquires Folex

December 4, 2025

Consumer Products

NiTEO Products, a portfolio company of Highlander Partners, has acquired Folexport, Inc. (FOLEX), a Tualatin, Oregon-based maker of carpet, fabric and hard-surface cleaning products, from Barrett and Patty Lash. The deal expands NiTEO's household products portfolio and is supported by senior financing from Monroe Capital and mezzanine/equity from NMP Capital.

Renovo Capital Acquires A.P. Nonweiler Co.

March 18, 2022

Manufacturing

Renovo Capital has acquired A.P. Nonweiler, Co. (APN) in partnership with third-generation owner Mark Nonweiler. The transaction positions Renovo to pursue a buy-and-build strategy in specialty industrial coatings, leveraging APN’s Oshkosh manufacturing footprint and technical coatings capabilities to drive growth.

Highlander Partners Acquires Controlling Interest in Hi‑Tech Industries

February 18, 2017

Manufacturing

Highlander Partners, a Dallas-based private investment firm, acquired a controlling interest in Hi‑Tech Industries, a Farmington, Michigan manufacturer and distributor of professional car care products and specialty aerosols. Hi‑Tech will continue to operate autonomously from its Farmington and Southfield facilities under its existing management while Highlander pursues a buy-and-build strategy in the automotive appearance market.

SNF Acquires PfP Industries and Ace Fluid Solutions

August 5, 2024

Oil & Gas

SNF, the global specialty chemicals group, has signed agreements to acquire PfP Industries and Ace Fluid Solutions to strengthen its oil and gas product and service offering. The transactions expand SNF’s friction reducer and fluid management capabilities—including dry, slurry and emulsion friction reducers—and enhance its presence serving upstream oil & gas customers, particularly in the Permian Basin.

Hydrite Acquires Enterprise Specialty Products, Inc.

September 4, 2025

Manufacturing

Hydrite, a family-owned chemical manufacturer headquartered in Brookfield, Wisconsin, acquired Enterprise Specialty Products, Inc. (ESP), a Laurens, South Carolina-based foam control product provider, effective September 3, 2025. The deal expands Hydrite’s product portfolio and marks its entrance into the U.S. Southeast region; ESP founder Allen Waters will continue to oversee day-to-day operations to ensure continuity for customers and employees.