Deal Details

Kohlberg Acquires AID

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Summary

About

Founded in 1987, Kohlberg is a leading U.S. middle market investment firm with deep experience investing across private equity and credit. Informed by its thesis-driven White Paper Program, Kohlberg invests in services and healthcare companies characterized by durable growth, recurring revenue streams and leading market positions. Kohlberg manages approximately $18 billion on behalf of investors globally. Kohlberg is headquartered in Mount Kisco, New York.

Founded in 1983, AID is a leading provider of highly engineered automation and control solutions to mission-critical infrastructure. The Company develops systems that control motor speed, distribute power and automate critical operations across the data center, water and wastewater, power infrastructure and broader industrial markets. As computing demand drives the need for power and cooling infrastructure, AID’s systems keep cooling towers, chillers, fans, compressors and pumps running reliably while reducing water and electricity use. The Company also helps utilities and infrastructure operators modernize aging systems, and provides field service, repair, training and engineering support to maximize efficiency and minimize downtime. AID designs and builds custom engineered solutions, in house and at scale, to optimally control and protect electrical assets across a wide range of mission-critical applications. AID is headquartered in Tulsa, Oklahoma.

Black Bay is a specialized lower middle market private equity firm that partners with energy infrastructure and related industrial companies, with a track record of elevating and expanding portfolio companies through creative collaboration. Black Bay is currently investing out of its third fund and has more than $850 million in cumulative committed capital. Black Bay is headquartered in New Orleans, Louisiana.

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