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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.

PE-backed LoneStar buys Hydrobolt

LoneStar, a portfolio company of AEA Investors, has acquired Octopus-backed Hydrobolt. No financial terms were disclosed. Based in the UK, Hydrobolt is a maker of specialty fasteners, machined components and flanges and fittings primarily serving the global oil and gas and power generation industries.

AEA Investors Backs Swanson Industries

AEA Investors has backed hydraulic cylinder manufacturer Swanson Industries. AEA will provide resources to expand and invest in Swanson’s existing facilities while also taking advantage of the growth opportunities available to the company.

AEA Investors Buys GT Exhaust

CID Capital said Monday it has exited its investment in GT Exhaust. The buyer is Industrial Acoustics Co., a portfolio company of AEA Investors. Financial terms weren’t announced. Lincoln, Neb.-based GT provides sound and emissions control solutions to the North American energy, power and heavy transportation industries.

AEA Investors’ Industrial Acoustics Acquires MaximSilex

Maxim Silencers and Silex Innovations (MaximSilex) have been sold to Industrial Acoustics Company, a portfolio company of AEA Investors. Westlake Securities advised MaximSilex throughout the sale process. Terms of the transaction were not disclosed. MaximSilex specializes in the design, manufacture and supply of a range of silencing and emissions control products, including industrial silencers, catalytic converters and exhaust accessories for diesel and natural gas engines.

GT Exhaust Sold to AEA’s Industrial Acoustics Company

GT Exhaust has been sold to Industrial Acoustics Company, a portfolio company of private equity firm AEA Investors. GT was a portfolio company of CID Capital, a private equity firm based in Indianapolis, Indiana. Terms of the transaction were not disclosed.

Graham Partners-Led Group Buys Henry Co.

Graham Partners has led an investor group to buy Henry Co. Financial terms weren’t disclosed. OceanBridge Partners, members of current management, and the company’s former owners were also part of the buying group. The sellers were AEA Investors and other minority shareholders. El Segundo, Calif.-based Henry makes roofing and building envelope products and systems. PRESS […]

MML Exit Sounds Just Right

AEA Investors LP will acquire Industrial Acoustics Inc., a provider of noise and acoustic control products for aero-engine testing facilities, from MML Capital Partners. Specifics of the transaction were not publicized. Industrial Acoustics is based in the UK. Harris Williams & Co. served as exclusive financial advisor to IAC on this transaction, while Norton Rose […]

AEA Investors Buys Industrial Acoustics

ML Capital Partners has closed the sale of Industrial Acoustics to AEA Investors. Financial terms weren’t disclosed. Winchester, U.K.-based Industrial Acoustics provides engineered noise control and acoustic solutions. PRESS RELEASE MML Capital Partners LLP, on behalf of itself and its funds under management (“MML”), today announces that it has completed the sale of Industrial Acoustics […]

AEA Investors Buys Dayton Parts

Dayton Parts, which was backed by Capital Partners, was sold to AEA Investors and company management. Financial terms weren’t announced. BB&T Capital Markets advised Dayton Partners. Harrisburg, Pa.-based Dayton Parts is a specialty distributor of undercarriage replacement truck and trailer parts to the U.S. medium and heavy duty aftermarket. PRESS RELEASE On May 4, 2012, Dayton Parts, […]

American Securities Looks to Buy Unifrax Again-UPDATED

American Securities is in talks to buy Unifrax Corp. for a second time, sources say.

American Securities, a middle market PE firm, is expected to announce the acquisition before the end of the month, one person says. The deal has been in the works for some time but the choppy credit markets have hampered the transaction, a banker says.

UPDATE: Dow Jones LBO Wire says American Securities is buying Unifrax for about $927 million. The PE firm is putting in about $495 million of equity, the story says.

AEA Investors To Buy Garden Ridge from Three Cities

Three Cities Research may finally sell Garden Ridge after a dozen years.

AEA Investors is in talks to buy Garden Ridge, according to Thomson Reuters LPC and Standard & Poor’s LCD. The middle market PE firm is expected to pay $750 million for Garden Ridge and is in the market for a $250 million loan, LCD says. The deal also includes an $80 million revolver and $85 million of mezzanine debt, LCD says. Bank of America Merrill Lynch and UBS are launching the loan, LCD says.

Equity will account for more than half of the financing, while management and Three Cities are rolling over a significant portion of their equity, LCD says. Standard & Poor’s says AEA is buying 60% of Garden Ridge.

GEO Group Buys BI Inc. In $415 Mln Deal

BI Inc., which is backed by AEA Investors, has merged with The GEO Group in a deal valued at roughly $415 million. The deal closed Feb. 10, according to Harris Williams, which advised BI. Boulder, Colo.-based BI provides technology, treatment and monitoring services for the corrections industry. GEO also supplies corrections, detention and residential treatment services for federal, state, and local government agencies. AEA, of New York, is a middle market PE firm.

Thomas H. Lee Partners to Buy Acosta

Private equity firm Thomas H. Lee Partners is planning to buy Acosta, a food marketer currently owned by buyout shop AEA Investors, in a deal valued at more than $2 billion, Reuters reported, citing a report by Bloomberg.

BI Inc. To Merge With GEO Group in $415 Mln Deal

BI Inc., which is backed by AEA Investors, has agreed to merge with The GEO Group in a deal valued at $415 million. BI, of Boulder, Colo., provides supervision technologies and community-based cognitive behavioral reentry programs for adult and juvenile offenders. GEO Group also supplies correctional, detention, and residential treatment services to federal, state, and local government agencies globally. AEA is a PE firm. News of the deal was disclosed by Harris Williams, which provided financial advice to BI.

AEA Investors Tries On Shoes for Crews

AEA Investors has agreed to acquire Shoes for Crews, a West Palm Beach, Fla.-based maker of slip resistant footwear for restaurant workers. Sellers include Advent International, which acquired a minority stake in 2004.

We first reported on the deal back in April, when ten prospective buyers had submitted bids in excess of $250 million. That type of pricing would have produced a 7x or 8x EBITDA multiple for Advent, which invested $30 million as part of a larger recap — including $32 million in senior debt — at an enterprise value of around $120 million.

AEA’s auction victory was first disclosed in an FTC filing, and the firm has not yet responded to messages left by peHUB. Advent declined to comment.

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