AEA Investors LP has signed an agreement to acquire the municipal, industrial and services water and wastewater treatment operations and assets of Siemens Water Technologies for EUR 640 million. The transaction is still subject to regulatory approval.
With more than 45 years of investing experience, AEA has an established track record of achieving superior returns as a leading private equity partner to middle market companies. AEA focuses on control buyouts in four industry sectors: value-added industrial products; specialty chemicals; consumer products/retail and services.
Working with AEA investment professionals and operating partners, the existing management under the leadership of CEO Dr. Lukas Loeffler is committed to remain to ensure continuity of the ongoing successful integration and optimization of Water Technologies’ operations and assets. Siemens AG acquired the company in 2004 and will continue oversight until change of control anticipated to be within the next few months.
Under AEA, the company will continue focus on municipal and industrial water and wastewater treatment equipment and services.“We are excited to be partnering with one of the leaders in the global water industry and are supportive of management and their plan to continue to grow the business” said AEA Managing Partner Brian Hoesterey. “We look forward to a new chapter of increased entrepreneurship, flexibility and growth for Water Technologies,” Loeffler said. “Together with AEA, we will continue building on our wide range of enduring brands and advanced water and wastewater treatment technologies to help our customers more cost-effectively meet their water needs now and in the future.” About AEA Investors LP AEA Investors LP 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’s active individual investors (the “Participants”) include an extraordinary network of more than 75 highly successful business executives, industrial families and former government leaders. Today, AEA’s over 60 investment professionals operate globally with offices in New York, Connecticut, London, Munich, Hong Kong and Shanghai. The firm manages funds that have $6.5 billion of invested and committed capital including the leveraged buyouts of middle market companies and small businesses and mezzanine and senior debt investing. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer products/retail and services.