M&A Deal Summary

Odyssey Investment Partners Acquires Aramsco

On August 28, 2018, private equity firm Odyssey Investment Partners acquired distribution company Aramsco from Barings Private Equity and AEA Investors

Acquisition Highlights
  • This is Odyssey Investment Partners’ 1st transaction in the Distribution sector.
  • This is Odyssey Investment Partners’ 39th transaction in the United States.
  • This is Odyssey Investment Partners’ 2nd transaction in New Jersey.
Investment Fate
  • Aramsco was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2018-08-28
Target Aramsco
Sector Distribution
Buyer(s) Odyssey Investment Partners
Sellers(s) Barings Private Equity
AEA Investors
Deal Type Secondary Buyout

Target

Aramsco

Paulsboro, New Jersey, United States
website
Aramsco is a distributor of products, equipment, and services to specialty contractors in North America. The Company carries more than 30,000 different products ranging from personal protective equipment to specialty chemicals and equipment. Aramsco complements this product offering with a suite of value-added services such as equipment repair, rental, and training. Aramsco was founded in 1966 and is based in Paulsboro, New Jersey.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.

DEAL STATS #
Overall 42 of 52
Sector (Distribution) 1 of 2
Type (Secondary Buyout) 16 of 23
State (New Jersey) 2 of 2
Country (United States) 39 of 49
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 EAG Laboratories

San Diego, California, United States

EAG Laboratories is a North American provider of advanced chemical testing services for pesticides, industrial and household chemicals. It provides end-to-end support for e-fate, metabolism, eco-toxicology and residue studies required for pesticide and chemical regulatory testing to support global registration requirements.

Sell $780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Barcodes

Chicago, Illinois, United States

Barcodes is a provider of products and services that enable businesses to digitally capture and act on data related to their assets, people, and transactions. Barcodes was founded in 1994 and is based in Chicago, Illinois.

Buy -

Seller(S) 2

SELLER

Barings Private Equity

Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 24 of 37
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 6 of 10
State (New Jersey) 4 of 5
Country (United States) 22 of 33
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Van Pool

Wilbraham, Massachusetts, United States

Van Pool is a best-in-class provider of transportation services for special needs and homeless students in Massachusetts, Connecticut, and New Hampshire. Van Pool was founded in 1980 and is based in Wilbraham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Fortovia Therapeutics

Raleigh, North Carolina, United States

Fortovia Therapeutics is a pharmaceutical company focused on oncology supportive care, with five marketed products in their portfolio. These products help patients manage the impact of their cancer as well as the side effects of their cancer therapies. Fortovia Therapeutics was founded in 2002 and is based in Raleigh, North Carolina.

Buy $19M
SELLER

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 54 of 76
Sector (Distribution) 10 of 16
Type (Secondary Buyout) 21 of 33
State (New Jersey) 4 of 4
Country (United States) 50 of 69
Year (2018) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 BOA Group

Stutensee, Germany

BOA Group produces and sells metal compensators, metal bellows and flexible metal hoses for the automotive industry, the power-supply industry and the aviation industry as well as for other industrial applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Numotion

Hazelwood, Missouri, United States

Numotion is a provider of complex rehabilitation products, including custom power and manual wheelchairs for disabled adults and children. Numotion was founded in 2001 and is based in Hazelwood, Missouri.

Buy -
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