Newsback to news
AEA Acquires SitelogIQ
New York – April 8, 2020– AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has closed the acquisition of SitelogIQ (the “Company”). SitelogIQ is a leading independent energy services and facility solutions provider to the municipal, university, school, and hospital, and commercial and industrial end markets in the United States. The Company completes projects that increase the energy efficiency of existing facilities via a variety of energy conservation measures which leads to cost savings, improved facility operations, and reduced environmental impact. Projects include both core (e.g., efficient HVAC, LED lighting, solar, etc.), and ancillary (e.g., roofing, windows, etc.) energy conservation measures. These projects create positive societal impacts via enhanced learning and work environments with brighter lighting and improved air quality while reducing energy consumption. AEA’s investment in SitelogIQ provides the opportunity to partner with a strong senior management team in the highly attractive energy services and facility solutions industry, which is benefitting from underlying growth trends such as aging infrastructure, increased focus on green initiatives, and steady replacement demand as well as upgrades to higher performance equipment.
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 80 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have over $15 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, and services.
SitelogIQ is a leader in the energy services and facilities solutions industry. The Company is dedicated to delivering comprehensive facility solutions that support the resiliency, future-proofing, energy saving, operating efficiency and sustainability goals of its clients. While doing so, SitelogIQ also creates healthy, comfortable indoor environments that promote productivity, increased output, and improved experiences. Headquartered in Minneapolis, MN, the Company employs over 700 people across 30 locations.
+1 (212) 644-5900
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner, Julie Oakes and Kate Thompson
+1 (212) 355-4449