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AEA-Backed Traeger Grills Completed Initial Public Offering
New York – August 2, 2021– AEA Middle Market Private Equity portfolio company Traeger, Inc. (“Traeger Grills” or the “Company”), the creator and category leader of the wood pellet grill outdoor cooking system, today announced the completion of its initial public offering of 23,529,411 shares of its common stock at a public offering price of $18.00 per share. Shares of the Company’s stock trade on the New York Stock Exchange under the symbol “COOK.”
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 and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 100 investment professionals operate globally with offices in New York, Connecticut, San Francisco, 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, growth capital and mezzanine and senior debt investments.
About Traeger Grills
Traeger Grills, headquartered in Salt Lake City, is the creator and category leader of the wood pellet grill, a versatile and easy to use outdoor cooking system. Traeger pellet grills use all-natural hardwood fuel to infuse food with flavorful smoke, making food taste delicious and most of all, memorable. Traeger pellet grills utilize wood-fired convection power to provide 6-in-1 versatility; owners can grill, smoke, bake, roast, braise and barbecue meals on one cooking system.
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