Newsback to news
AEA Completes Sale of ProMach
New York – March 14, 2018 – AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has completed the sale of ProMach, Inc. (“ProMach” or the “Company”) to a financial sponsor. ProMach is a leading provider of automated packaging machinery solutions and related aftermarket products for diverse food, beverage, pharmaceutical, consumer goods and industrial goods companies.
Founded in 1998, ProMach is a family of best-in-class packaging solution product brands serving manufacturers of all sizes, geographies and industries. During AEA’s ownership, the ProMach team drove significant growth through the re-alignment and re-branding of the business, emphasizing cross-selling initiatives to increase sales across brands, and further penetrating the integrated solutions market. During this time, the business also closed nine acquisitions, enhancing existing businesses and expanding into new segments and geographies, including internationally. This transaction underscores the Firm’s success in partnering with proven management teams to build market-leading industrial products companies.
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. AAEA 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 $11 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.
ProMach, Inc. is a family of best-in-class packaging solution brands serving manufacturers of all sizes and geographies in the food, beverage, pharmaceutical, personal care, and household and industrial goods industries. ProMach brands operate across the entire packaging spectrum: filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line. The Company also provides Performance Services, including integrated solutions, design/build, engineering services, and productivity software to optimize packaging line design and deliver maximum uptime.
ProMach designs, manufactures, integrates and supports the most sophisticated and advanced packaging solutions in the global marketplace. Its diverse customer base, from Fortune 500 companies to smaller, privately held businesses worldwide, depends on reliable, flexible, technologically advanced equipment and integrated solutions. The Company is headquartered near Cincinnati, Ohio, with manufacturing facilities and offices throughout North America, Europe, South America and Asia.
+1 (212) 644-5900
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner, Julie Oakes and Kate Thompson
+1 (212) 355-4449