M&A Deal Summary

Aggreko Acquires Resolute Industrial

On December 28, 2022, Aggreko acquired manufacturer Resolute Industrial from AE Industrial Partners for 440M USD

Acquisition Highlights
  • This is Aggreko’s 1st transaction in the Manufacturing sector.
  • This is Aggreko’s largest (disclosed) transaction.
  • This is Aggreko’s 7th transaction in the United States.
  • This is Aggreko’s 1st transaction in Indiana.

M&A Deal Summary

Date 2022-12-28
Target Resolute Industrial
Sector Manufacturing
Buyer(s) Aggreko
Sellers(s) AE Industrial Partners
Deal Type Add-on Acquisition
Deal Value 440M USD
Advisor(s) Morgan Stanley (Financial)
Kirkland & Ellis (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

Aggreko

Glasgow, United Kingdom

website


Category Company
Founded 1962
Sector Test/Measurement Equipment
Employees6,000
Revenue 1.4B GBP (2020)
DESCRIPTION

Aggreko provides power generation and temperature control solutions. Aggreko was founded in 1962 and is based in Glasgow, the United Kingdom.


DEAL STATS #
Overall 14 of 14
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 12 of 12
State (Indiana) 1 of 1
Country (United States) 7 of 7
Year (2022) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 A Contact Electric Rentals

Houston, Texas, United States

A Contact Electric Rentals LP is a provider of specialized medium and high voltage electrical distribution and transformer rental equipment. A Contact Electric Rentals is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER
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 10 of 13
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 8 of 9
State (Indiana) 1 of 1
Country (United States) 10 of 13
Year (2022) 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 York Space Systems

Denver, Colorado, United States

York Space Systems is an independent provider of small satellites, satellite components, and turnkey mission operations. manufactures and architects low Earth orbit, geosynchronous equatorial orbit, and cislunar spacecraft solutions for the proliferated satellite market. York Space Systems was founded in 2012 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 REDLattice

Chantilly, Virginia, United States

REDLattice is a mission-focused provider of full-spectrum cyber capabilities and technology solutions for customers in the U.S. national security, defense, and commercial communities. The company has helped its customers deliver mission success by rapidly designing, developing, and implementing cutting-edge applications and engineering solutions for some of their most complex challenges. Its subject matter experts in vulnerability research (VR), reverse engineering (RE), tool development, malware analysis, and advanced operational capabilities help to develop the next generation of cyber tools and solutions to the battlespace. REDLattice is based in Chantilly, Virginia.

Buy -