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AEA SBF Acquires Montway, Inc.
New York – November 5, 2020– AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has closed the acquisition of Montway, Inc. (“Montway” or the “Company”). Montway is one of the fastest growing vehicle transport brokers in the United States.
Montway differentiates itself with a customer service-centric approach enabled in part by technology, which provides a defensible and scalable position from which the Company drives growth. Originally founded as a business-to-consumer (“B2C”) business, the Company leveraged its expertise in data analytics and technology to penetrate the business-to-business (“B2B”) segment of the market, providing tremendous growth optionality. The Company’s presence in both markets leads to a balanced, risk-diversified portfolio of services, helping to insulate it from market volatility and segment-specific performance risk.
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 Montway, Inc.
Founded in 2007, Montway provides vehicle transport services to individual consumers and corporate shippers that seek a service-oriented and reliable vehicle transport solution. The Company operates in both the B2C and B2B segments of the market, capitalizing on the distinct characteristics of end users, sales channels and order types in both. Montway utilizes a technology-enabled software platform that allows for efficient load matching, instant price quoting, real-time location tracking and detailed KPI tracking, and has quickly grown into the largest independent B2C broker in the United States.
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