Deal Details

APG Is Acquired by Warren

Technology & Services

APG, a portfolio company of AEA, sale to Warren

Summary

Allied Power Group (“APG” or the “Company”), a portfolio company of AEA Investors SBF LP (“AEA”), was recently acquired by Warren Equity Partners (“Warren”). Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to APG on this transaction.

About

APG is a leading Independent Service Provider (“ISP”) for power generation assets. The Company provides diversified, high-value aftermarket in-shop and field service-based maintenance and repair solutions for Industrial Gas Turbines (“IGTs”), steam turbines and adjacent power plant assets across the electric utility and power producer market. The APG team is comprised of seasoned industry veterans with expertise in engineering and access to the latest technology which allow it to provide its customers with innovative and flexible solutions. APG is headquartered in Houston, Texas.

AEA was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders, many of whom invest with AEA as active individual investors and/or join its portfolio company boards or act in other advisory roles. Today, AEA's approximately 120 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The firm manages funds that have approximately $19 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments. AEA SBF is a strategy within AEA that currently manages over $3.5 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with strong management teams and superior business models. AEA is headquartered in New York, New York.

Warren is a private equity firm that invests in the middle market primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies that provide mission-critical products and services to the infrastructure and building markets. Warren invests in the form of buyouts, growth equity and recapitalizations. Warren is headquartered in Jacksonville Beach, Florida.

Technology & Services

APG, a portfolio company of AEA, sale to Warren