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AEA SBF Completes Sale of Aramsco
New York – August 28, 2018– AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has completed the sale of Aramsco to a financial sponsor. Aramsco is a leading distributor to a variety of attractive specialty contractor markets.
With over 70 locations across North America and a portfolio of more than 40,000 products, Aramsco provides specialty contractors and service professionals the equipment, chemicals and consumables needed to do their work, as well as technical support before, during and after the sale. During AEA’s ownership, and with the strong leadership and dedication of CEO Rich Salerno, Aramsco completed 20 acquisitions, expanded its core focus to include two additional specialty contractor end markets, grew its branch network from 19 to 68 locations, and substantially built out the executive team. This transaction underscores AEA SBF’s success in partnering with proven management teams to drive significant growth and business transformation.
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 75 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. AEA SBF is a strategy within AEA that currently manages over $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.
For over 50 years, Aramsco and its family of companies have been serving specialty contractors in the U.S., Puerto Rico, and Canada. The Aramsco family of companies, which include Bridgewater, LLC, Aztec Financial LLC, Safety Express Ltd and Natural Stone Solutions share a common vision of providing exceptional service to contractors focused on the fire and water restoration; hazardous material removal and handling; concrete and steel surface treatment; asbestos, lead, and mold abatement; and stone care markets.
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