New York – December 31, 2019 – AEA Investors’ (“AEA” or the “Firm”) Small Business Fund (“AEA SBF”) announced today that its fund has completed the carveout of Univar Solutions Inc.’s (NYSE: UNVR) (“Univar”) Environmental Sciences Business (“ES” or the “Company”). ES is a leader in the distribution of pest control products and services.
Headquartered in Austin, Texas, ES is a leader in the distribution of pest control products and services with a North American footprint of ~70 locations through the U.S., Canada and Mexico. The Company serves a diverse customer base of thousands of local service providers within the structural pest control (“SPC”), public health, turf and ornamental (“T&O”), wildlife management, industrial vegetation management, post-harvest and hay end-markets. Customers rely on ES for its broad range of value-added services including its technical product expertise, application training, and compliance and certification for its technicians, all of which are critical services given the regulated nature of the market. ES has grown for a long period of time and maintains an industry leading position with a significant opportunity to leverage its unique footprint, vendor relationships and technical capabilities to expand into adjacent markets that have similar customer dynamics, product characteristics and vendor base.
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 80 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $15 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 $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.
About Univar Solutions’ Environmental Sciences Business
ES was established in 1975 through Univar Solution’s acquisition of Neil A. Maclean Company, a California-based pesticides distributor. The Company has operated as a stand-alone business unit within Univar Solutions for the past 25 years, offering a broad range of pesticides, rodent control devices and technical services to thousands of customers across its national footprint of ~70 locations throughout North America.
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