M&A Deal Summary

Ares Private Equity Group Acquires AIR

On January 25, 2024, private equity firm Ares Private Equity Group acquired machinery company AIR

Acquisition Highlights
  • This is Ares Private Equity Group’s 1st transaction in the Machinery sector.
  • This is Ares Private Equity Group’s 90th transaction in the United States.
  • This is Ares Private Equity Group’s 10th transaction in Illinois.

M&A Deal Summary

Date 2024-01-25
Target AIR
Sector Machinery
Buyer(s) Ares Private Equity Group
Deal Type Consolidation

Target

AIR

Rochester Hills, Illinois, United States
AIR is an industrial automation company focused on acquiring and facilitating the growth of industrial automation companies serving diverse end markets with strong operational histories and tenured management teams. AIR is based in Rochester Hills, Illinois.

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 122 of 126
Sector: Machinery M&A 1 of 1
Type: Consolidation M&A Deals 5 of 5
State: Illinois M&A 10 of 10
Country: United States M&A 90 of 93
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Burnham RNG

Arlington, Virginia, United States

Burnham RNG is a wastewater and agricultural waste-to-renewable natural gas (RNG) provider that helps communities profitably reduce waste treatment costs while improving environmental outcomes. The company manages and reuses organic waste and wastewater and transforms it into RNG, clean water, and high-value soil additives. Burnham RNG is based in Arlington, Virginia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Heelstone

Chapel Hill, North Carolina, United States

Heelstone is a utility-scale solar developer with expertise in development, construction, operation and finance. Heelstone has developed a portfolio of 500 MW and is actively developing a project pipeline of over 1.5 GW. Heelstone was founded in 2012 and is based in Chapel Hill, North Carolina.

Sell -