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AEA SBF Acquires CLS Management Services, Inc.
New York – June 29, 2020– AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has closed the acquisition of CLS Management Services, Inc. (“CLS” or the “Company”). CLS is one of the largest independent providers of land management services for utilities, public infrastructure and energy customers in the U.S.
The Company acts as an extension of its customers’ internal land management departments to survey and select project routes, secure environmental permitting, research land titles and ownership and negotiate easements with landowners. These non-construction services are critical across the lifecycle of infrastructure asset maintenance, repair, upgrade and new development activities. CLS empowers local land agents with the technology and training that only a larger, national organization can provide. Customers highly value the Company’s national footprint, its full-service offering and its proprietary technology platform.
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 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $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. AEA SBF is a strategy within AEA that currently manages $1.8 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.
About CLS Management Services, Inc.
Founded in 1985 and headquartered in Sugar Land, Texas, CLS is one of the largest independent providers of right of way and land management consulting services in the U.S. The Company provides a comprehensive suite of land management services including project management, right of way acquisition, training, staffing and related field services to both public and private sector clients in utility, public infrastructure and energy end-markets. CLS is regarded as a premier provider of land management services due to its national footprint, high-quality recruiting and training capabilities, proprietary project management software and full-service offering.
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