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AEA SBF Completes Sale of Flow Control Group
New York – January 24, 2019 – AEA Investors’ (“AEA” or the “Firm”), Small Business Fund (“AEA SBF”) announced today that its fund has completed the sale of Flow Control Group (“FCG” or the “Company”) to a financial sponsor. FCG is a leading distributor of flow control and fluid handling products and related services throughout the U.S. and Canada.
Headquartered in Charlotte, North Carolina, FCG is the largest independent specialty flow control and fluid handling distribution platform in North America, servicing more than 10,000 customers and 2,000 suppliers. During AEA’s ownership, the FCG team completed 18 acquisitions creating a world-class network of leading entrepreneurial industry veterans, established a meaningful presence in the attractive life sciences market, and significantly broadened its geographic reach, product and services offering and leading supplier relationships. This transaction underscores AEA SBF’s success in partnering with proven management teams to build distribution companies focused on strong, value-added partnerships supporting market-leading customers and suppliers.
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 80 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 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.
About Flow Control Group
FCG is a unified team of technically-oriented distribution and service organizations in the flow control and fluid handling space, strategically positioned at industrial hubs throughout North America. FCG’s companies offer a broad range of products and services for process orientated businesses as well as engineered systems and custom fabrication for many applications.
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