Secondary Buyout • Distribution

Freeman Spogli Acquires Galco

On February 4, 2020, private equity firm Freeman Spogli acquired distribution company Galco from AEA Investors

Acquisition Context
  • This is Freeman Spogli’s 4th transaction in the Distribution sector.
  • This is Freeman Spogli’s 43rd transaction in the United States.
  • This is Freeman Spogli’s 3rd transaction in Michigan.

Explore All 314 Secondary Buyout Distribution Deals - Search the Database Free


M&A Deal Summary

Date February 4, 2020
Target Galco
Sector Distribution
Buyer(s) Freeman Spogli
Sellers(s) AEA Investors
Deal Type Secondary Buyout

Target Company

Galco

Madison Heights, Michigan, United States
Galco is a distributor of Industrial and Commercial Electrical and Electronic Control, Automation and Motion Products, Repair and Engineering Services. Galco was founded in 1975 and is based in Madison Heights, Michigan.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Freeman Spogli

Los Angeles, California, United States

Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.


Deal Context for Buyer #
Overall 43 of 49
Sector: Distribution 4 of 4
Type: Secondary Buyout 17 of 19
State: Michigan 3 of 3
Country: United States 43 of 49
Year: 2020 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 Kamps

Grand Rapids, Michigan, United States

Kamps is specializes in supplying high-quality recycled pallets, new custom pallets, and comprehensive pallet recycling services to diverse supply chains across the nation. Kamps was founded in 1973 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Brooklinen

New York, New York, United States

Brooklinen provides global customers with a curated collection of stylish, luxury-grade linens at an accessible price point. The brand was founded on the philosophy that people deserve simple, beautiful home essentials without the luxury markup. It manufactures responsibly and efficiently to offer exquisite design and exceptional savings, bringing effortless, affordable luxury to any home. Brooklinen was formed in 2014 and is based in New York, New York.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 59 of 79
Sector: Distribution 15 of 16
Type: Secondary Buyout 25 of 34
State: Michigan 2 of 2
Country: United States 55 of 71
Year: 2020 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Veseris

Austin, Texas, United States

Vereris is a pest management business serving customers in the U.S., Canada, and Mexico. The company offers a broad range of pesticides and rodent control devices to a diverse customer base of thousands of local service providers within the structural pest control, public health, turf & ornamental, wildlife management, industrial vegetation management, post-harvest and hay product end markets. Veseris is based in Austin, Texas.

Buy $195M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-08 SitelogIQ

Minneapolis, Minnesota, United States

SitelogIQ is an independent energy services and facility solutions provider to the municipal, university, school, and hospital, and commercial and industrial end markets in the United States. The Company completes projects that increase the energy efficiency of existing facilities via a variety of energy conservation measures which leads to cost savings, improved facility operations, and reduced environmental impact. Projects include both core (e.g., efficient HVAC, LED lighting, solar, etc.), and ancillary (e.g., roofing, windows, etc.) energy conservation measures. SitelogIQ is based in Minneapolis, Minnesota.

Buy -