AEA Investors has acquired Aramsco, a distributor of asbestos and lead related environmental safety equipment.
Aramsco is a distributor of safety products, equipment and supplies to customers engaged in asbestos and lead abatement, commercial and residential building restoration, and surface preparation. Customers include small and medium-sized specialty contractors. The company has a national network of 19 branches and employs more than 200 employees. The company was founded in 1966 and is based in Paulsboro, NJ (www.aramsco.com).
AEA manages approximately $6 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 was founded in 1968 and is based in New York with offices in London, Munich, Hong Kong, and Shanghai (www.aeainvestors.com).
Babson Capital Management (www.BabsonCapital.com).provided subordinated debt and made an equity co-investment to support the acquisition. Babson was the lead provider of subordinated debt on the transaction, with the balance provided by AEA Mezzanine Fund III LP.
“AEA Investors is pleased to work together again with Babson Capital on the investment in Aramsco Holdings,” said Tim Whelan, Vice President for AEA Investors. “The middle-market experience and expertise of the firm’s Mezzanine & Private Equity Group, combined with its commitment to client service, make Babson Capital an ideal partner for AEA Investors.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-24-13
