Lincoln International Advises Swanson Industries in Equity Investment by AEA Investors LP
Swanson Industries is pleased to announce that it has added AEA Investors as an equity partner in its business. AEA will provide much needed resources to expand and invest in Swanson’s existing facilities while also taking advantage of the many growth opportunities available to the company.
Swanson does not anticipate any immediate changes in its facilities, organization or range of product and service offerings, and members of senior management will continue to be significant equity investors in the business, and will continue on with the company. With this new partnership, Swanson Industries is poised to maintain and improve the same quality and services its customers have grown to expect well into the future.
“After a long and extensive search, we are very pleased to be adding AEA Investors as an equity partner to our business” said Tom DeWitt, Chairman and CEO of Swanson. “AEA was one of many companies considered by Swanson Industries management and was selected because it is the best fit for our employees and our customers while maintaining the same management philosophy that has guided our company for many years.”
“The entire team at AEA is excited to partner with the management team of Swanson Industries to continue the growth and expansion of this long-standing industry leader,” said Brian Hoesterey, a partner at AEA. “We are impressed with the business that management has built and plan to support Swanson through AEA’s experience in the industrial sector and our global footprint, operating resources and access to capital. We seek to help management drive both organic and acquisition-based growth, leveraging Swanson’s strong positions in its key markets.”
Lincoln International, a leading global mid-market investment bank, acted as exclusive financial advisor to Swanson Industries, and Morgan, Lewis & Bockius LLP acted as legal counsel. Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to AEA Investors, LP.
About Swanson Industries
Swanson is a leading provider of hydraulic cylinder aftermarket repair and remanufacturing, new hydraulic cylinder manufacturing, and related product distribution services to the underground mining, off-highway, and offshore oil and gas markets. Additional information is available at www.swansonindustries.com.
About AEA Investors LP
AEA was founded in 1968 by S.G. Warburg & Co. and the Rockefeller, Mellon and Harriman family interests as a private investment vehicle for a select group of family offices. Today its investors include a global group of individuals, family groups, and institutions and it focuses its investments on four key industry sectors: value-added industrial products, specialty chemicals, consumer products and services. AEA has offices in New York, London, Munich, Hong Kong, and Shanghai. Additional information is available at www.aeainvestors.com.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With thirteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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