M&A Deal Summary

AEA Investors Acquires Worldwide Electric

On October 4, 2022, private equity firm AEA Investors acquired electrical equipment company Worldwide Electric from Graycliff Partners

Acquisition Highlights
  • This is AEA Investors’ 3rd transaction in the Electrical Equipment sector.
  • This is AEA Investors’ 98th transaction in the United States.
  • This is AEA Investors’ 5th transaction in New York.

M&A Deal Summary
Date 2022-10-04
Target Worldwide Electric
Sector Electrical Equipment
Buyer(s) AEA Investors
Sellers(s) Graycliff Partners
Deal Type Secondary Buyout
Advisor(s) Lazard Ltd. (Financial)

Target

Worldwide Electric

Rochester, New York, United States
WorldWide Electric designs, engineers, and distributes company-branded as well as third party-branded electric motors, motor controls, and gear reducers and has developed a highly proficient sales & marketing team, strong engineering, and product development capabilities. The company sells to a diversified customer base of over 4,000 integrators, OEMs, and distributors serving a wide array of industrial end-markets. WorldWide Electric was founded in 1998 and is based in Rochester, New York.

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Buyer(S) 1

Buyer

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B 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 111 of 118
Sector (Electrical Equipment) 3 of 3
Type (Secondary Buyout) 51 of 54
State (New York) 5 of 6
Country (United States) 98 of 103
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Ascential Technologies

San Diego, California, United States

Ascential Technologies is a provider of automotive, advanced manufacturing, and life science markets, maintaining more than 30 locations in Europe, Asia, and the Americas. Ascential Technologies is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 RED

London, United Kingdom

RED is a SAP-focused global specialist IT staffing firm focused on temporary contract placements, permanent recruitment and executive recruitment. RED also provides services within resource budgeting; onsite, offshore, and nearshore recruitment change management and training solutions. RED was founded in 2000 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 30 of 36
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 9 of 12
State (New York) 6 of 6
Country (United States) 27 of 33
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Fulham

Hawthorne, California, United States

Fulham is a manufacturer of lighting components for use in commercial applications across various end markets including general lighting, emergency lighting, ultraviolet, and horticulture. Fulham was founded in 1994 and is based in Hawthorne, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Flash Global

Parsippany, New Jersey, United States

Flash Global is an asset-light, third-party logistics provider. The company focuses on processing, facilitating and managing the delivery of high-velocity, time-sensitive critical parts. Flash Global was founded in 1983 and is based in Parsippany, New Jersey.

Sell -
Mergr

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