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Swander Pace Capital completes sale of fluid formulator Recochem

Swander Pace Capital completed the sale of Montreal-based Recochem Inc. to an H.I.G. Capital LLC affiliate.

Recochem formulates and markets aftermarket transportation and household fluids. Swander Pace acquired Recochem in 2014.

Sawaya Partners LLC served as financial adviser to Swander Pace and Recochem, and Stikeman Elliott LLC acted as their legal counsel.