New York – October 4, 2022 – AEA Investors’ (“AEA” or the “Firm”) Small Business Private Equity (“AEA SBPE”) team announced today that its fund has closed the acquisition of WWE Holdings, LLC (“WorldWide Electric”, “WWE” or the “Company”) alongside rollover investment from management and employee investors. Headquartered in Rochester, New York, WWE is a distributor of proprietary-branded electric motors, gear reducers, motor controls and other related products. The Company sells through a variety of channels and its products are used across a broad array of end markets. WWE has grown organically and via M&A, completing three highly strategic acquisitions since 2020: Louis Allis, Gleason Avery and Georator brands. AEA believes the Company is a highly attractive asset that employs a disruptive sales and service model into a large and fragmented industry, which has allowed it to outpace GDP market growth and take considerable share from competition. WWE is led by a high-touch inside and outside sales team, which is a meaningful differentiator that has enabled strong market share gains over a long period of time. AEA believes that WWE represents an exciting opportunity to invest in the industrial distribution market behind a differentiated value-added model and a management team with a strong track record of success.
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 110 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The firm manages funds that have approximately $18 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 $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.
WWE is a distributor of proprietary-branded electric motors, gear reducers, motor controls and other related products based in Rochester, New York. The Company provides mission-critical products for industrial and commercial applications and serves customers across a wide range of end markets throughout the industrial economy. Learn more at https://worldwideelectric.com.
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