Freeman Spogli buys Galco from AEA

AEA Investors has sold Galco Industrial Electronics to Freeman Spogli & Co. No financial terms were disclosed. BB&T Capital Markets was financial advisor to Galco on the deal. Galco is a distributor of MRO industrial electronic components.

PRESS RELEASE

BB&T Capital Markets Serves as the Exclusive Financial Advisor to Galco Industrial Electronics in its Sale to Freeman Spogli & Co.

On January 23, 2020, AEA Investors sold its portfolio company, Galco Industrial Electronics, to Freeman Spogli & Co. BB&T Capital Markets served as the exclusive financial advisor to Galco.

Galco Industrial Electronics
Galco is a leading e-commerce driven distributor of MRO industrial electronic components. The Company utilizes a uniquely advantaged digital business model to address customer needs. Galco’s online platform and consultative sales force are designed to address customer needs and provide customer satisfaction upon first contact.

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. Today, 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. The AEA Small Business Private Equity funds currently manage over $1.5 billion of invested and committed capital. These funds seek 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.

Freeman Spogli & Co.
Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $4.8 billion in 64 portfolio companies with an aggregate transaction value of $24 billion, and is currently making investments from FS Equity Partners VIII, L.P. Freeman Spogli has offices in Los Angeles and New York.

The BB&T Capital Markets Commercial & Industrial Group provides M&A advisory services for companies across a range of sectors, including distribution and business services.

BB&T Capital Markets is a division of BB&T Securities, LLC, member FINRA/SIPC. BB&T Securities, LLC, is a wholly owned nonbank subsidiary of Truist Financial Corporation. Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value.