AEA Investors purchases Omega Acquistion Corporation
Private equity investment firm AEA Investors entered into a definitive agreement with River Associates Investments, LLC to purchase Omega Acquisition Corporation (comprised of Omega Environmental Technologies, GPD and Santech) effective August 19, 2016. Peter Butterfield, Chief Executive Officer, said, “We are delighted to have the opportunity to partner with AEA and are grateful for River’s support and guidance over the past several years. Our partnership with AEA will enable our company to continue our growth strategy both domestically and overseas, thanks to their extensive business network and leadership position across multiple sectors. The present management team remains firmly in place, and is further being strengthened by equity investments from numerous members of the Omega team. This new relationship represents a seamless change of ownership, business as usual for our stakeholders, and an exciting step forward for the company and its customers.”
Omega Acquisition Corporation, based in Irving, Texas, is a leading global provider of aftermarket climate control components for a broad range of vehicles, including light vehicles, heavy duty trucks, agricultural/off-road equipment and specialty markets. With sales to over 86 Countries Omega has established a leading market position by providing a diverse range of customers with an unmatched combination of products and solutions to meet their distinct channel and market requirements. The Company serves as a value-added partner through an extensive product portfolio (20,000+ active SKUs) and a unique range of value added solutions, including technical support, marketing and merchandising.
About AEA Investors
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’s active individual investors (the “Participants”) include an extraordinary network of more than 75 of the world’s leading industrial families, business executives and former government leaders. 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 $10.0 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 four sectors: value added industrial products, specialty chemicals, consumer / retail and services.
About River Associates Investments, LLC
River Associates Investments, LLC is a private equity firm based in Chattanooga, TN that focuses exclusively on investing in the lower middle-market and has partnered closely with management teams for over 25 years. Target businesses can be privately held, private equity-backed, or divestitures from larger companies. River Associates is opportunistic as to industry and has invested in numerous manufacturers, high margin distributors, industrial service, business service, and select non-faddish retail. The firm is currently investing its sixth committed fund and seeks to make investments in companies with $30 million to $150 million in revenues throughout the United States and Canada. Since its founding in 1989, River Associates has initiated 79 transactions, many of which have been strategic add-on acquisitions to platform companies. The partners at River Associates have collectively worked together for over one hundred years. Details on the firm can be found at www.riverassociatesllc.com.