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AEA SBF Acquires Omega Acquisition Corporation
New York – August 19, 2016 – AEA Investors’ (“AEA” or the “Firm”) Small Business Fund announced today that its fund has closed the acquisition of Omega Acquisition Corporation (“Omega” or the “Company”), a leading international distributor and assembler of branded and private label aftermarket climate control components for a broad range of vehicles, including automobiles and light trucks, heavy duty trucks, off-road/agricultural equipment and specialty vehicles.
Based in Irving, Texas, Omega serves a highly fragmented base of more than 4,800 customers in over 85 countries throughout the aftermarket distribution chain. Omega serves leading customers across a variety of channels including warehouse distributors, automotive retailers, original equipment manufacturers, climate control specialists and fleets. The Company has 140 employees across two domestic distribution facilities and six regional warehouses, as well as an office in China. Omega has established itself as a performance leader in the industry, with a technology-driven and highly efficient customer service model. Omega’s portfolio of leading brands, combined with its sophisticated sourcing strategy, fulfillment capabilities and category management services, allow its partners to consolidate purchases with a scaled supplier, and the Company continues to differentiate itself through its kitting expertise and product development capabilities.
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. AEA SBF is a strategy within AEA that currently manages nearly $1.0 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 Omega Acquisition Corporation
Headquartered in Irving, Texas, Omega is a leading global provider of aftermarket climate control components for a broad range of vehicles, including light vehicles, heavy duty trucks, agricultural / off-road equipment and specialty markets. With sales to over 85 countries, the Company has established a leading market position by providing a diverse range of customers with an unmatched combination of products and solutions to meet their distinct channel and market requirements. The Company serves as a value-added partner through an extensive product portfolio (20,000+ active SKUs) and a unique range of value added solutions, including technical support, marketing and merchandising.
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