M&A Deal Summary

AEA Investors Acquires API Technologies

On May 9, 2019, private equity firm AEA Investors acquired electronics company API Technologies from J.F. Lehman & Company

Acquisition Highlights
  • This is AEA Investors’ 2nd transaction in the Electronics sector.
  • This is AEA Investors’ 76th transaction in the United States.
  • This is AEA Investors’ 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2019-05-09
Target API Technologies
Sector Electronics
Buyer(s) AEA Investors
Sellers(s) J.F. Lehman & Company
Deal Type Secondary Buyout

Target

API Technologies

Marlborough, Massachusetts, United States
website
API Technologies is a designer and manufacturer of high-performance components and subsystems for demanding RF / microwave and electromagnetic spectrum management applications. API Technologies Corp. provides a broad portfolio of mission-critical products to approximately 1,800 global customers supporting more than 200 programs. API Technologies is headquartered in Marlborough, Massachusetts.

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Buyer(S) 1

Buyer

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.

DEAL STATS #
Overall 88 of 114
Sector (Electronics) 2 of 2
Type (Secondary Buyout) 40 of 53
State (Massachusetts) 3 of 3
Country (United States) 76 of 99
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Flow Control Group

Charlotte, United States

Formed in 2014, Flow Control Group is a solutions provider focused on technically oriented products and services for the flow control, fluid handling, and process & industrial automation sectors with locations throughout the U.S. and Canada. As a critical intermediary between over 2,000 suppliers and 10,000 customers, Flow Control Group’s distribution and technical services serve an essential function in the movement of mission-critical components to a diverse array of end markets and applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 AmEx

Folcroft, Pennsylvania, United States

AmEx is a same-day ground courier that specializes in on-demand, expedited transportation and logistics services for customers with time-critical shipment needs. AmEx’s services have expanded over time to encompass air services, a national logistics program, service parts distribution and warehousing, fulfillment, facilities and fleet management.

Buy -

Seller(S) 1

SELLER

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.

DEAL STATS #
Overall 22 of 26
Sector (Electronics) 3 of 3
Type (Secondary Buyout) 5 of 6
State (Massachusetts) 2 of 2
Country (United States) 21 of 25
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 American Scaffold

San Diego, California, United States

American Scaffold is a provider of scaffolding systems and environmental containment solutions for the maintenance, repair, and overhaul (“MRO”) of U.S. Government (“USG”) vessels. The Company's services are predominantly utilized for the maintenance, repair, and overhaul ("MRO") of marine vessels at shipyards throughout the U.S. American Scaffold is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-14 Lone Star Disposal

Houston, Texas, United States

Lone Star Disposal is a provider of construction and demolition (“C&D”) and municipal solid waste (“MSW”) disposal and related environmental services. The Company’s comprehensive service platform utilizes an asset base consisting of a C&D landfill, an MSW transfer station, a C&D recycling facility, and a C&D collection fleet. Lone Star Disposal is based in Houston, Texas.

Buy -
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