AEA Partners with P&B Intermodal
AEA Investors’ (“AEA” or the “Firm”) Small Business Private Equity team (“AEA SBPE”) today announced that its fund has closed the acquisition of P&B Intermodal (“P&B” or the “Company”).
New York – September 17, 2024 – AEA Investors’ (“AEA” or the “Firm”) Small Business Private Equity team (“AEA SBPE”) today announced that its fund has closed the acquisition of P&B Intermodal (“P&B” or the “Company”). The transaction was completed alongside significant reinvestment from the Company’s management team. Established in New Jersey in 1975, P&B is a leading provider of maintenance and repair services to intermodal operators, including Class I railroads, chassis and trailer leasing pools, for-hire carriers, and other customers.
The AEA SBPE team believes P&B represents an exciting opportunity to invest in the transportation and logistics (“T&L”) market alongside an experienced, forward-thinking management team with a strong history of success. Operating at the intersection of several areas of the T&L space that AEA SBPE knows well – including intermodal logistics, technician-driven maintenance and repair, and fleet maintenance and repair – P&B will further benefit from access to a deep network of resources. AEA believes the Company’s differentiated position in a large, attractive, and fragmented market, coupled with its significant organic growth potential and entrepreneurial management team, make P&B a highly compelling investment.
About AEA Investors
AEA Investors 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, join its portfolio company boards, or act in other advisory roles. Today, AEA’s over 120 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich, and Shanghai. The firm manages funds that have approximately $19 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth capital, and private debt investments. AEA Small Business Private Equity (“AEA SBPE”) is a strategy within AEA that currently manages $3.5 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 more information, visit www.aeainvestors.com.
About P&B Intermodal
P&B Intermodal (“P&B”) is a leading provider of maintenance and repair (“M&R”) services to intermodal operators, including Class I railroads, chassis and trailer leasing pools, for-hire carriers, and other customers. With its national footprint, P&B is equipped to provide customers with M&R services when and where they need them, whether at rail locations, over the road, or in other settings. P&B is a critical partner for intermodal operators and has earned a reputation as a service provider of choice due to its unmatched service quality, safety, and responsiveness, all of which help customers maximize asset uptime. Learn more at https://www.pbintermodal.com/.
Investor Contact
AEA Investors
Investor Relations
+1 (212) 644-5900
AEAIR@aeainvestors.com
Media Contact
Joele Frank, Wilkinson Brimmer Katcher
Kate Thompson / Erik Carlson
+1 (212) 355-4449
Media@aeainvestors.com