MPE Partners acquires Hi-Tech Industries, Inc.

On May 5, 2022, MPE Partners acquired Hi-Tech Industries, Inc., an automotive company in Michigan, United States, from Niteo Products LLC.

Deal at a glance

AnnouncedMay 5, 2022 TypeDivestiture TargetHi-Tech Industries, Inc. Buyer MPE Partners Seller Niteo Products LLC SectorAutomotive LocationMichigan, United States ValueNot disclosed

Target company

Hi-Tech Industries, Inc.

Michigan, United States

Automotivesector

-founded

Activestatus

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Buyer

MPE Partners

Private equity firm · 12 deals on record

1st transaction in automotive
12th transaction in United States

12deals, all time

1in this sector

2022latest

Seller

Niteo Products LLC

Company · 6 deals on record

6investments

1in this sector

2exits

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The full deal history of every party

Co-investors and the other advisors on this deal

Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Hi-Tech Industries, Inc.?MPE Partners acquired Hi-Tech Industries, Inc. on May 5, 2022.

Who sold Hi-Tech Industries, Inc.?Niteo Products LLC was the seller.

What type of deal was it?It was a divestiture in the automotive sector in 2022.

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