NitroFill, Inc.

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NitroFill, Inc. - overview

Established

2005

Location

Deerfield Beach, FL, US

Primary Industry

Industrial Machinery

About

NitroFill, Inc. is a provider of nitrogen tire inflation and maintenance solutions that improve tire performance and enhance vehicle safety. The company offers specialized equipment for automotive professionals and individual consumers. Founded in 2005, NitroFill operates out of Deerfield Beach, US, specializing in nitrogen tire inflation.


The company has not undergone any significant pivots or ownership changes. NitroFill was recapitalized in December 2016 when Kinderhook Industries partnered with management, although the financial terms remain undisclosed. NitroFill specializes in nitrogen tire inflation and maintenance solutions designed to enhance tire performance, longevity, and vehicle safety. The company’s core offerings include nitrogen generation and inflation equipment, which replace traditional air in tires with nitrogen, a process that can extend tire life by up to 50% and improve fuel efficiency.


NitroFill's products cater to various end users, including automotive dealerships, repair shops, and individual vehicle owners across North America, Europe, and select parts of Asia. Additionally, NitroFill engages in a reforestation initiative, where customers can dedicate a tree with every purchase, emphasizing their commitment to environmental sustainability alongside their tire solutions. NitroFill generates revenue primarily through the sale of nitrogen inflation systems and related services, including tire repair and replacement coverage, as well as roadside assistance memberships. Their transaction structure includes partnerships with automotive dealers and service providers, enabling direct-to-consumer sales and B2B interactions.


Customers typically engage with the company through service packages that combine equipment sales and ongoing membership benefits, ensuring comprehensive tire maintenance. NitroFill's flagship offerings include various nitrogen generators and tire-related products, with pricing structured to reflect a combination of initial equipment costs and recurring service fees, tailored to both individual consumers and commercial clients. NitroFill is planning to develop and launch new nitrogen tire inflation products to enhance service capabilities, with expected release dates in the upcoming years. The company aims to expand its market presence into emerging regions in Asia and Europe by the end of 2023.


The recapitalization deal in December 2016 is expected to support these growth initiatives, although specific fund allocation details were not disclosed.


Current Investors

Kinderhook Industries

Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery

Website

www.nitrofill.com

Verticals

Manufacturing

Company Stage

Mature

Total Amount Raised

Subscriber access only

NitroFill, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
RecapitalisationCompletedNitroFill, Inc.-

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