Clearview Capital has sold Air Cooled Exchangers to Alfa Laval

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Air Cooled Exchangers, LLC (“Air Cooled Exchangers” or “ACE”) has been sold to Alfa Laval. ACE was a portfolio company of Clearview Capital, LLC (“Clearview”). The terms of the transaction were not disclosed.

Based in Tulsa, Oklahoma, ACE is a leading manufacturer of high-quality, custom engineered air-cooled heat exchangers used to cool air, natural gas, oil and water for the energy industry. ACE’s comprehensive product offering provides thermal cooling solutions that perform mission critical functions to minimize equipment downtime in a variety of industrial applications, including natural gas compression systems, which increase and control the flow of gas wherever it is produced, transported, processed, stored and delivered. ACE’s rapid turnaround times, efficient engineering and design processes, and superior quality have enabled it to establish a market leading reputation among a growing based of prominent customers throughout the world.

Lincoln International acted as the exclusive financial advisor to ACE and Clearview, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.

James Andersen, Founding Partner at Clearview, commented “Lincoln did an outstanding job in understanding ACE’s unique business model and in creating a customized marketing approach that generated significant interest from strategic acquirers worldwide. The result was a very competitive auction process that provided attractive alternatives and an excellent outcome for ACE and its shareholders.” Matt Rumilly, Principal at Clearview, added, “Through a global marketing effort and clear understanding of ACE’s industry dynamics, Lincoln achieved a superior outcome for the shareholders.”

About Clearview Capital

Clearview Capital, LLC is a private investment firm based in Old Greenwich, CT that invests in and develops mid-sized, North American companies in partnership with management. Clearview invests exclusively alongside management in service and manufacturing companies that have dominant market positions and strong prospects for growth. The firm’s principals have a long history of assisting strong management teams in the execution of their growth strategies.

Clearview Capital ACE AlfaLavalGroup 2012
  • 2012
    Close Year
  • Energy, Power & Infrastructure | Industrials
    Industry
  • Private Equity
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • USA | Sweden
    Countries

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