New York – March 10, 2022 – AEA Investors’ (“AEA” or the “Firm”) Small Business Private Equity (“AEA SBPE”) announced today its fund has completed the sale of Pexco (“Pexco” or the “Company”) to a financial sponsor.
Headquartered in Johns Creek, Georgia, Pexco is a leading provider of highly engineered, complex polymer solutions across a range of specialty industrial end markets. Pexco addresses its customers’ most challenging extrusion needs through its differentiated material and engineering expertise and highly customized short-run operational capabilities. Under AEA SBPE’s ownership, the Pexco team successfully carved the business out of Spectrum Plastics and implemented a series of productive commercial and operational initiatives that transformed the organic growth prospects of the Company. These initiatives included significant investments in its sales force and digital marketing capabilities, operational footprint, new product development and IT infrastructure. The Company complemented its organic growth investments with nine acquisitions that expanded its product capabilities into higher performance materials, its geographic footprint into new territories and generated significant operational savings.
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 SBPE is a strategy within AEA that currently manages $1.8 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.
Pexco is North America’s largest custom extruder of highly specialized profiles, tubes, and other components for industry-leading original equipment manufacturers (“OEMs”). The Company operates eight state-of-the-art manufacturing facilities across the U.S. and Mexico, serving a variety of tight-tolerance applications spanning traffic safety, electrical insulation, privacy fence, lighting and other specialty industrial end markets.
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner & Erik Carlson
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