June 4, 2014 – (Press Release Date)
AEA Investors acquired Galco
Quarton Partners today announced that Galco Industrial Electronics, Inc. (“Galco” or the “Company”), has been acquired by affiliates of AEA Investors LP (“AEA”) for an undisclosed amount. Galco is a premier distributor of industrial and commercial electrical and electronic control, automation and motion products.
Quarton Partners acted as the exclusive financial advisor to Galco in this transaction.
About Galco Industrial Electronics
Galco Industrial Electronics, headquartered in Madison Heights, Michigan, is a leading distributor of industrial electronics for automation, control and motion applications. The Company has established one of the most complete product offerings in the industry, factory-authorized for over one million products from over 150 product lines. Galco’s product portfolio includes components such as drives, relays, contactors, circuit breakers, switches and numerous others, serving applications for controlled power, speed, velocity, torque, position, sequence, interpolation, test, measurement and data acquisition. www.galco.com
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.www.aeainvestors.com