AURELIUS Acquires Cromwell

Industrial

AURELIUS acquisition of Cromwell, a portfolio company of Grainger


Summary

AURELIUS Private Equity (“AURELIUS”) has signed a definitive agreement to acquire Cromwell, a portfolio company of W.W. Grainger, Inc. (“Grainger”). Terms of the transaction were not disclosed.

Baird served as advisor to AURELIUS on this transaction.

About

AURELIUS is a global alternative investor, distinguished and widely recognised for its operational approach. It focuses on private markets, in particular Private Equity and Private Debt. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, especially expanding its global footprint and today employs more than 400 professionals in 9 offices spanning Europe and North America. AURELIUS is headquartered in Grünwald, Germany.

Cromwell is a leading UK-based industrial distributor of Maintenance, Repair and Operations (MRO) products. Established over 50 years ago, the company has grown to become a premier supplier for a diverse range of industries, building a strong market position through its comprehensive portfolio of industrial supplies, tools and related operational services. Cromwell is headquartered in Leicester, England.

Grainger is a leading global B2B distributor of Maintenance, Repair and Operating (MRO) products and services. With operations focused primarily in North America, Japan and the United Kingdom, the company serves businesses by providing a broad line of products essential for keeping facilities running. Reporting annual sales of approximately $17 billion, Grainger leverages its scale and sophisticated digital commerce platforms to offer customers a high-touch, efficient procurement experience for their operational needs. Grainger is headquartered in Lake Forest, Illinois.
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Industrial

AURELIUS acquisition of Cromwell, a portfolio company of Grainger

Date
December 2025
Company
AURELIUS Private Equity
Transaction
M&A - Buyside
Sectors
Industrial
Verticals
Distribution
Target Geography
Europe
Acquiror Geography
Europe

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