New York – March 31, 2022 – AEA Investors’ (“AEA” or the “Firm”) Small Business Private Equity (“AEA SBPE”) team announced today that its fund has completed the sale of Omega Acquisition Corp. (“Omega” or the “Company”) to a financial sponsor. Omega is a leading global distributor of air conditioning (“a/c”) and other aftermarket components to a broad range of light-duty and heavy-duty vehicle end markets.
Headquartered in Irving, Texas, Omega has a market leading position in the a/c replacement components category. Omega provides a broad range of branded and private label aftermarket products for a variety of vehicle types, serving thousands of customers with an omni-channel approach. The Company was founded in 2013 and has over 20 distribution centers across the U.S. and Canada. Omega completed several highly complementary acquisitions under AEA’s ownership, both in its core a/c segment and other high demand aftermarket components product categories, which strengthened Omega’s geographic footprint, diversified the customer base and added new high-growth sales channels.
About AEA Investors
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 and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 100 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The firm manages funds that have over $14 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments. AEA Small Business is a strategy within AEA that currently manages $2 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 aftermarket distributor of climate control products and other mission-critical 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.
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner & Erik Carlson
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