Chicago, IL – January 3, 2011; City Capital Advisors, LLC is pleased to announce that its client Fleetchem, LLC has acquired E.T. Products. City Capital served as the exclusive financial advisor to Fleetchem in this transaction. E.T. Products, headquartered in Bremen, Indiana, is a manufacturer, blender and marketer of chemical additives that enhance diesel fuel by providing more lubricity and hence improved diesel engine performance. E.T. Products has over 600 customers located primarily throughout a 12 state region in the upper Midwest. All products are formulated, blended and packaged at its Bremen facility.
City Capital contacted Fleetchem with the E.T. Products acquisition opportunity and assisted with structuring the transaction, procuring financing, and negotiating with the owners of E.T. Products on Fleetchem’s behalf. E.T. Products will be operated as a subsidiary of Nineteen Holdings, LLC, an entity controlled by the Blakemore family and the parent company of Fleetchem, LLC.
About Fleetchem, LLC
Fleetchem is a privately-held manufacturer, blender and marketer of chemical additives used as anti-corrosives in anti-freeze blends for diesel engines. Fleetchem’s blending and packaging facility is located in southern Ohio near the distribution center of its largest customer, Cummins Engine. Fleetchem was founded by the Blakemore family in 2004 and will continue to operate as a subsidiary of Nineteen Holdings, LLC.
About City Capital Advisors
City Capital Advisors, a FINRA registered broker-dealer, is a results oriented investment and merchant banking advisory firm. Client engagements are managed exclusively by experienced senior investment bankers who deliver business owners optimal performance in capitalizing on the value of their companies and meeting their objectives as shareholders. City Capital’s investment banking professionals have successfully advised clients on merger and capital markets transactions totaling in excess of $60 billion.