Newsback to news
AEA SBF Completes the Carveout of Spectrum Plastic Group’s Industrial Profiles Business
New York – April 10, 2018 – AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has completed the carveout of Spectrum Plastic Group’s (“Spectrum”) Industrial Profiles Business (“Pexco” or the “Company”). Pexco is a leading specialty manufacturer of customized, short-run plastic profile extrusions for a variety of industrial applications.
Founded in 1954, Pexco is a market leader in specialty plastic profile extrusion, built up through the consolidation of a number of smaller players. The Company offers highly customized, short-run plastic profiles to customers across a variety of attractive niche industrial end markets, operating with a competitive advantage due to its relative scale, geographic footprint, technical expertise and operational excellence. Pexco has unique materials expertise with the capability to process hundreds of different blends of resins for applications with very tight tolerance levels and has invested in its operational capabilities enabling the Company to produce short-run lines efficiently with industry leading turnaround times, a significant differentiator relative to smaller competitors.
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.
Based in Atlanta with multiple plants across the U.S. and Mexico, Pexco is a North American leader in the design and fabrication of custom extruded plastic products. It provides customized solutions for a diverse range of industrial applications, offering a full range of custom design, engineering and fabrication services.
+1 (212) 644-5900
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner, Julie Oakes and Kate Clark
+1 (212) 355-4449