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AEA Acquires Excelitas Technologies
New York – December 1, 2017 – AEA Investors (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its funds have closed on an interest in Excelitas Technologies Holding Corp. (“Excelitas” or the “Company”). Excelitas is a leading global sensing and detection platform providing mission critical technologies and solutions to the life sciences, consumer, industrial and aerospace & defense industries.
Excelitas offers one of the broadest portfolios of technology in its sector spanning sensors, lasers and optical components and subsystems used by original equipment manufacturers. The Company serves diversified end markets benefiting from long-term secular growth trends towards the inclusion of more sensing and vision-based technologies such as home automation, safety systems in autonomous and advanced vehicles, machine vision for industrial and semiconductor inspection, and imaging in robotic surgery, among others. The Company offers a unique value proposition through its collaborative engineering process, providing customized solutions for challenging applications, which result in highly stable, often sole-sourced customer relationships. Excelitas’ scale, global presence, diversity of technologies, breadth of product suite and deep application-specific expertise serve as a key differentiator and a critical driver of its leading market position.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, business services.
Excelitas is a global technology leader focused on delivering innovative, high-performance, market-driven solutions to meet the lighting, detection and optical technology needs of global customers. The Company serves a diverse range of end markets including life sciences, consumer, industrial and defense industries through a broad portfolio that includes components, subsystems and systems. Headquartered in Waltham, MA, Excelitas has a global footprint consisting of 20 manufacturing facilities and R&D centers of excellence and approximately 6,700 employees in North America, Europe and Asia.
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