AEA buys industrial electronics firm Galco

AEA Investors has acquired Galco Industrial Electronics. No financial terms were disclosed. Quarton Partners provided financial advice to Galco on the transaction. Based in Madison Heights, Michigan, Galco is an industrial electronics distributor.

PRESS RELEASE

BIRMINGHAM, Mich., June 5, 2014 /PRNewswire/ — Quarton Partners is pleased to announce that Galco Industrial Electronics, Inc. (“Galco” or the “Company”), has been acquired by affiliates of AEA Investors LP (“AEA”). Galco is a premier distributor of industrial and commercial electrical and electronic control, automation and motion products. Quarton Partners acted as the exclusive financial advisor to Galco in this transaction.
Galco Industrial Electronics (www.galco.com), headquartered in Madison Heights, Michigan, is a leading distributor of industrial electronics for automation, control and motion applications. The Company has established one of the most complete product offerings in the industry, factory-authorized for over one million products from over 150 product lines. Galco’s product portfolio includes components such as drives, relays, contactors, circuit breakers, switches and numerous others, serving applications for controlled power, speed, velocity, torque, position, sequence, interpolation, test, measurement and data acquisition. The Company also provides a full suite of engineering and repair services, creating a total support solution for its customers.
AEA Investors LP (www.aeainvestors.com) 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 highly successful business executives, industrial families and former government leaders. Today, AEA’s over 65 investment professionals operate globally with offices in New York, Connecticut, London, Munich, Hong Kong and Shanghai. The firm manages funds that have over $6 billion of invested and committed capital including the leveraged buyouts of middle market companies and small businesses and mezzanine and senior debt investing. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer products/retail and services.
ABOUT QUARTON PARTNERS
Quarton Partners (www.quartonpartners.com), headquartered in Birmingham, Michigan, is a premier middle market investment banking firm, serving privately held and publicly traded companies, as well as private equity firms. Quarton Partners assists its clients with mergers and acquisitions, private capital raising, restructurings, valuations and other financial advisory services. Its principals have successfully completed hundreds of engagements in a variety of industries across the U.S. and throughout the world.

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