AEA Investors has made an investment in Swanson Industries, a provider of hydraulic cylinder aftermarket repair services. The new equity from AEA will be used to expand and invest in Swanson’s existing facilities and also allow the company to pursue targeted growth opportunities.
Swanson is a provider of hydraulic cylinder aftermarket repair and remanufacturing, new hydraulic cylinder manufacturing, and related product distribution services to the underground mining, off-highway, and offshore oil and gas markets. The company is based in Morgantown, WV (www.swansonindustries.com).
“The entire team at AEA is excited to partner with the management team of Swanson to continue the growth and expansion of this long-standing industry leader,” said Brian Hoesterey, a partner at AEA. “We are impressed with the business that management has built and plan to support Swanson through AEA’s experience in the industrial sector and our global footprint, operating resources and access to capital. We seek to help management drive both organic and acquisition-based growth, leveraging Swanson’s strong positions in its key markets.”
Lincoln International acted as exclusive financial advisor to Swanson Industries. Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With thirteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. The firm is based in Chicago, IL (www.lincolninternational.com).
“After a long and extensive search, we are very pleased to be adding AEA Investors as an equity partner to our business” said Tom DeWitt, Chairman and CEO of Swanson. “AEA was one of many companies considered by Swanson Industries management and was selected because it is the best fit for our employees and our customers while maintaining the same management philosophy that has guided our company for many years.”
AEA manages approximately $5 billion of invested and committed capital in funds dedicated to three purposes: buyouts of middle market companies operating in the industrial, specialty chemical, consumer products and consumer services sectors; buyouts of smaller middle market companies in these same sectors; and mezzanine and senior debt investments. AEA is based in New York with offices in London, Munich, Hong Kong, and Shanghai (www.aeainvestors.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-31-12