M&A Deal Summary

AEA Investors Acquires AmeriVet

On February 25, 2022, private equity firm AEA Investors acquired consumer services company AmeriVet from OPTrust Private Markets Group and Imperial Capital

Acquisition Highlights
  • This is AEA Investors’ 5th transaction in the Consumer Services sector.
  • This is AEA Investors’ 94th transaction in the United States.
  • This is AEA Investors’ 13th transaction in Texas.

M&A Deal Summary

Date 2022-02-25
Target AmeriVet
Sector Consumer Services
Buyer(s) AEA Investors
Sellers(s) OPTrust Private Markets Group
Imperial Capital
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)

Target

AmeriVet

San Antonio, Texas, United States
website
AmeriVet partners with experienced established veterinarians looking to adapt and grow their practices and provides best-in-class operational resources to support their success. Its joint venture partnership model has proven popular amongst veterinarians. AmeriVet was formed in 2016 and is based in San Antonio, Texas.

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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 107 of 114
Sector (Consumer Services) 5 of 5
Type (Secondary Buyout) 50 of 53
State (Texas) 13 of 13
Country (United States) 94 of 99
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Redwood Logistics

Chicago, Illinois, United States

Redwood Logistics is a logistics platform company that provides solutions for moving and managing freight for more than 20 years. The company’s diverse portfolio includes digital freight brokerage, flexible freight management, and logistics consulting all wrapped into a revolutionary logistics and technology delivery model—Logistics Platform as a Service (LPaaS). LPaaS utilizes an open platform for digital planning that empowers shippers to seamlessly mix-and-match partners, technologies and solutions into their own unique digital supply chain fingerprint. Redwood connects a wide range of customers to the power of supply chain management, technology and the industry’s brightest minds. Redwood Logistics was formed in 2001 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 OMEGA Environmental Technologies

Irving, Texas, United States

OMEGA Environmental Technologies is an aftermarket distributor of climate control products and other mission-critical components across the light and heavy-duty automotive sectors. OMEGA Environmental Technologies was founded in 1989 and is based in Irving, Texas.

Sell -

Seller(S) 2

DESCRIPTION

OPTrust Private Markets Group is the private equity arm of OPTrust, a Canadian pension fund administrator that oversees the OPSEU Pension Plan. The Private Markets Group looks to build a diversified portfolio of private equity and infrastructure assets. The private equity group focuses on making buyout and growth capital investments, as well as investments which generate steady streams of cash flows with a moderate level of growth and lower volatility. The infrastructure investment group focuses on principal and platform investment opportunities in transportation, communications, power generation, resource extraction, midstream energy, utilities, water and waste water, and waste management. The OPTrust Private Markets Group was formed in 2005 and is headquartered in Toronto.


DEAL STATS #
Overall 4 of 5
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 ACT

Amsterdam, Netherlands

ACT is a global trading house, identifying for itself the role of market maker in both obligatory and voluntary environmental energy products. As a result, it has helped catalyze the emergence of a market in environmental energy goods bringing speed, dependability, volume, and ever keener pricing to the industries that depend upon such products and certificates. ACT was established in 2009 and is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 E360S

Aurora, Ontario, Canada

E360S is an environmental management company providing solutions to municipalities and Industrial, Commercial, and Institutional customers. With operations across ten Canadian cities in Ontario, Alberta, and British Columbia, E360S was founded in 2018 and is based in Aurora, Ontario.

Sell -
SELLER

Imperial Capital

Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 4.8B CAD
Size Large
Type Sector Focused
DESCRIPTION

Imperial Capital Group is a private equity firm focused on investments and acquisitions in the healthcare, business services, and consumer services sectors. The Firm will consider opportunities throughout the US and Canada and generally looks at companies with $20 to $250 million of revenue and up to $40 million of EBITDA. Imperial Capital Group was formed in 1989 and is headquartered in Toronto.


DEAL STATS #
Overall 12 of 13
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Texas) 2 of 2
Country (United States) 8 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-21 Dental

Toronto, Ontario, Canada

Dental is a provider of dental practices in Canada offering strategic and tactical resources to support the personal and professional growth ambitions of its dentists while allowing them to retain full clinical and operating autonomy. Dental was incorporated in 2011 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 Metaltec Steel Abrasive

Canton, Michigan, United States

Metaltec Steel Abrasive is a producer of cast steel abrasive products, including steel shot and steel grit, along with several niche materials that are produced as a byproduct of the grit and shot manufacturing process. Metaltec Steel Abrasive was founded in 1981 and is based in Canton, Michigan.

Buy -