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AEA Completes Sale of RelaDyne
New York – July 22, 2016 – AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has completed the sale of RelaDyne, Inc. (“RelaDyne” or the “Company”), a leading distributor of lubricants and fuel and a leading provider of field reliability services in the U.S., to a financial sponsor.
RelaDyne was formed in November 2010, when AEA acquired and brought together four well-established, family-owned lubricant distribution and related services companies to create a strategy that would transform how to solve specific unmet customer needs and improve the return on assets of their machines, trucks and vehicles. Since that time, the Company has completed over 20 add-on acquisitions and achieved significant organic growth. This transaction underscores AEA’s success in partnering with proven management teams to build market-leading distribution 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. 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, and services.
Headquartered in Cincinnati, Ohio, RelaDyne is an industry leading lubricant, fuel, and DEF distributor providing customers with integrated reliability management services for industrial and commercial businesses. RelaDyne’s distribution platform spans more than 30 locations, serving customers across the Central, Mid-Atlantic and Southern U.S. The Company was formed in 2010 when four well-established, industry-leading companies, Mid-Town Petroleum, Inc. (Bridgeview, Illinois); Oil Distributing Company (Cincinnati, Ohio); The Hurt Company, Inc. (Houston, Texas), and Pumpelly Oil Company (Sulphur, Louisiana), joined forces to form RelaDyne. Each of the four legacy companies had a rich history of building long-term, mutually profitable client relationships.
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