AEA Investors Acquires Aramsco Holdings from Summit Partners
May 22, 2013 - Paulsboro, NJ (May 22, 2013) – AEA Investors, through its Small Business Fund II (AEA) along with management, today announced the acquisition of Aramsco Holdings, Inc. from Summit Partners. Aramsco is the nation’s leading distributor of safety products, equipment and supplies to specialty contractors.
Aramsco serves contractors engaged in asbestos and lead abatement, fire, water and mold restoration and surface preparation as well as state and local government agencies, utilities, pharmaceuticals, hazardous material handlers, hospitals and facilities maintenance departments. Headquartered in Paulsboro, NJ, the company’s distribution capabilities are supported by a national network of 19 branches and more than 200 employees to ensure timely delivery and reliable local service and support.
Rich Salerno, president and CEO of Aramsco, said, "We are honored to become part of the AEA family. This partnership with AEA will allow us to continue to build our business organically and through acquisition. We recognize this investment is the result of the hard work and dedication of all of our employees and the ongoing support of our customers and vendor partners. We take pride in the service we provide our customers and will work hard to continue to earn their business, our primary focus."
About AEA Investors
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")
Aramsco Holdings, Inc., now with 19 locations in the territorial U.S. and Puerto Rico, is one of the nation’s largest distributors of environmental safety, emergency preparedness, and surface preparation suppliers. Aramsco provides their customers with valuable product expertise, training, quality products, exceptional customer service, and fast, reliable delivery nationwide at competitive prices. For more information, please visit www.aramsco.com.