ZXP Technologies, a Houston-based lubricants manufacturer and portfolio company of private equity firm Milton Street Capital, is excited to announce it has acquired Maverick Performance Products to extend its offering to the broader lubricant market.
Houston, TX, December 13, 2021 — ZXP Technologies, a Houston-based lubricants manufacturer and portfolio company of private equity firm Milton Street Capital, is excited to announce it has acquired Maverick Performance Products to extend its offering to the broader lubricant market.
Maverick markets finished lubricants and related products through multiple industry leading brands while supporting premium private label programs through both wholesale and retail distribution channels. They have been recognized in back-to-back years on Inc. 5000’s list of the fastest-growing private companies in America.
“This acquisition accelerates our growth strategy and gives us immediate access to several new end markets. By combining best-in-class manufacturing capabilities with premier lubricant brands, ZXP’s expanded vertical integration will provide supply chain flexibility and a differentiated value proposition to our customers. We are excited to welcome the Maverick team to the ZXP family.”Jason Sanchez, CEO ZXP Technologies
“The two companies complement each other, and the acquisition delivers immediate value as ZXP continues to execute its strategy to become the leading lubricants manufacturer in North America.”Bob Hogan, Managing Partner Milton Street Capital
“Joining the seasoned ZXP organization and leveraging its state-of-the-art and strategically located manufacturing facility enhances vertical integration and supply reliability to better serve our customers. Our combined resources, assets, and relationships will help mitigate today’s challenging supply chain conditions and position our company for rapid expansion.”Shane Terry, President Maverick Performance Products.
About ZXP Technologies LLC
ZXP is a portfolio company of private equity firm Milton Street Capital and is an industry leader in contract blending and packaging services to the world’s largest lubricant companies.
About Milton Street Capital
Milton Street is a Houston-based private equity firm focused on control investments in North American manufacturing, rental, distribution, and service companies with EBITDA typically ranging from $5 million to $20 million. The firm seeks opportunities to create value and transform companies into sustainably great businesses through active engagement in strategy, human capital, and commercial and operational improvements.