M&A Deal Summary

AE Industrial Partners Acquires Resolute Industrial

On March 8, 2019, private equity firm AE Industrial Partners acquired manufacturer Resolute Industrial from One Equity Partners

Acquisition Highlights
  • This is AE Industrial Partners’ 2nd transaction in the Manufacturing sector.
  • This is AE Industrial Partners’ 14th transaction in the United States.
  • This is AE Industrial Partners’ 1st transaction in Indiana.
Investment Fate
  • Resolute Industrial was sold to a publicly-traded strategic buyer in 2022 for 440M USD.

M&A Deal Summary

Date 2019-03-08
Target Resolute Industrial
Sector Manufacturing
Buyer(s) AE Industrial Partners
Sellers(s) One Equity Partners
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Sidley (Legal)

Target

Resolute Industrial

Indianapolis, Indiana, United States
website
Resolute Industrial is an independent provider of specialty HVAC&R rental services, compressor remanufacturing, and refrigerant storage solutions for mission critical applications across North America. Resolute Industrial was founded in 2015 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 14 of 35
Sector (Manufacturing) 2 of 3
Type (Secondary Buyout) 4 of 6
State (Indiana) 1 of 1
Country (United States) 14 of 34
Year (2019) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 F.M.I.

Park City, Kansas, United States

F.M.I., Inc. is a manufacturer of large, complex aerospace structural components and subassemblies. FMI offers a full range of premium forming, machining, engineering, and complex assembly services to global aerospace customers. FMI provides critical components on many of the largest commercial aerospace platforms including the 737, 737 MAX, 777, and 787. F.M.I was founded in 1992 and is based in Park City, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Alpine Air Express

Provo, Utah, United States

Alpine Air Express is an air cargo operator with a long and distinguished history providing its customers with safe and reliable air cargo transportation services primarily throughout attractive growth markets in the Mountain Region of the Western United States. Alpine Air Express was founded in 1975 and is based in Provo, Utah.

Buy -

Seller(S) 1

SELLER

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.


DEAL STATS #
Overall 37 of 54
Sector (Manufacturing) 4 of 5
Type (Secondary Buyout) 5 of 8
State (Indiana) 2 of 2
Country (United States) 25 of 36
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 Walterscheid Powertrain Group

Lohmar, Germany

Walterscheid Powertrain Group is a provider of original equipment and aftermarket parts and services for off-highway powertrain applications. Walterscheid Powertrain Group was founded in 1919 and is based in Lohmar, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Anvil International

Exeter, New Hampshire, United States

Anvil International LLC is one of the largest and most complete manufacturers of pipe fittings, couplings, pipe hangers and piping support systems in the world. For more than 165 years, Anvil has provided the highest-quality pipe products and services with integrity and dedication to superior customer service. The company offers expertise and product solutions for a wide range of applications, from plumbing and mechanical, HVAC, industrial and fire protection, to mining and oil and gas. Anvil offers products and services worldwide.

Sell -