AEA SBF Acquires Balboa Water Group
AEA Investors’ Small Business Fund announced today that its fund has closed the acquisition of Balboa Water Group, LLC, the leading global supplier of electronic control systems and equipment for the the leisure water industry.
New York – November 17, 2015 – AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has closed the acquisition of Balboa Water Group, LLC (“Balboa” or the “Company”). Balboa is the leading global supplier of electronic control systems and equipment for the spa, bath and shower segments of the leisure water industry.
Balboa offers a comprehensive range of more than 30,000 products to a diverse base of over 500 leading original equipment manufacturer and distributor customers both domestically and abroad. Balboa works closely with its customers to address their mission-critical component and control system requirements. Balboa is the innovation leader in its segment and the Company’s team of more than 30 engineers has been responsible for more than 500 new SKU introductions in the last two years. Balboa’s state-of-the-art manufacturing facilities are highly efficient and allow the Company to deliver high quality, reliable and safe products on time around the world.
About AEA
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 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $9 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 nearly $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 Balboa Water Group
Headquartered in Tustin, California, with locations in Denmark, Belgium, China and Australia, Balboa is a global supplier of pumps, jets, electronic control systems, white goods and accessories for the leisure water industry. With over three decades of dedication to innovative design and development, Balboa has the industry’s most complete offering of spa, bath and shower products.
Investor Contact
AEA Investors
Investor Relations
+1 (212) 644-5900
AEAIR@aeainvestors.com
Media Contact
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner, Julie Oakes and Kate Clark
+1 (212) 355-4449
AEA-JF@joelefrank.com