Car Brite

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Car Brite - overview

Established

1947

Location

Indianapolis, IN, US

Primary Industry

Chemicals

About

Car Brite specializes in manufacturing professional automotive reconditioning products, including a wide array of detailing solutions tailored for the specific needs of the automotive industry. Founded in 1947 in Indianapolis, US, Car Brite manufactures automotive reconditioning products. The company was sold to Valvoline in May 2005, although the terms of the sale were not disclosed. No significant changes in business operations or strategy have been noted since its founding.


Car Brite is a leading manufacturer of professional automotive reconditioning products, offering an extensive range of solutions designed to address the complexities of modern automotive finishes, fabrics, and surfaces. The company’s core product offerings include premium waxes, polishes, compounds, dressings, soaps, cleaners, solvents, paints, and dyes, all tailored for professional detailing applications. These products are widely utilized by a diverse clientele, including auto dealerships, body shops, car washes, and professional detail shops across various global markets such as North America, Europe, and Asia. Car Brite’s formulations are designed to meet strict VOC compliance standards and are recognized for their effectiveness in maintaining and restoring a wide array of vehicles, including cars, trucks, motorcycles, and boats, thereby offering solutions that cater to both aesthetic and functional needs in vehicle care.


Car Brite generates revenue through direct sales of its professional detailing supplies to businesses operating in the automotive sector. The company engages in B2B transactions, primarily serving auto dealerships, body shops, and other professional detailing service providers. Revenue is accrued through the sale of individual products as well as through bulk orders and contracts with distributors. The company’s flagship products, which include its proprietary ranges like Car Brite SELECT™, are priced to reflect their premium quality and effectiveness for professional users.


Car Brite also supports its revenue generation through technical services and training programs, which are integrated into its overall offering, thereby enhancing client engagement and satisfaction. The latest acquisition of Car Brite by Valvoline in May 2005 positions the company for future growth through the development of new products aimed at enhancing automotive care. Plans for expanding into new geographic regions, particularly in Asia and Europe, are being considered to capture a larger market share by 2025. Recent funding will be allocated towards research and development of innovative detailing solutions to meet evolving customer needs.


Primary Industry

Chemicals

Sub Industries

Paints & Coatings

Website

www.carbrite.com

Verticals

Manufacturing

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Car Brite - 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)
Trade SaleCompletedCar Brite-
BuyoutCompletedCar Brite-

Displaying 1 - 2 of 2

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.