Olympus Partners Acquires Omega Environmental Technologies

Olympus Partners Acquires Omega Environmental Technologies

Omega serves thousands of customers globally across the wholesale distribution, OE service and automotive retail channels.

Stamford, Connecticut-based private equity firm Olympus Partners has acquired Omega Environmental Technologies, a leading aftermarket distributor of climate control products and other mission-critical components across the light and heavy-duty automotive sectors. Omega was acquired from AEA Investors, which will remain a minority equity investor and retain a board position in the company. 

Omega serves thousands of customers globally across the wholesale distribution, OE service and automotive retail channels. The company is headquartered in Irving, Texas, and has more than 20 distribution centers across the United States and Canada.

“The replacement air conditioning market is very attractive, with steadily growing demand and high barriers to entry due to the technical nature and SKU intensity of the product. Omega is the leader in this category with a portfolio of powerful brands and complete end market coverage. We look forward to working with Peter, Randy, and the rest of the management team to continue grow the company,” said Jason Miller, partner at Olympus.

Peter Butterfield, chairman of Omega, added, “I would like to thank AEA for their support over the past few years and look forward to partnering with the Olympus team. I have never been more excited about the prospects of the Company.”

Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, healthcare services, financial services, industrial services, and manufacturing. Olympus manages in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.

The Olympus team included Jason Miller, Matt Bujor, and Alex Pollera. Olympus was represented by Ben Clinger, Adam Wexner, and Kat Murphy from Kirkland & Ellis LLP. Antares Capital LP led debt financing for the transaction.

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. 

You May Also Like

MPA Launches Vendor Supply Chain Financing Program

The online platform will provide suppliers with visibility of payment for approved invoices and early payment options.

MPA logo

Motorcar Parts of America, Inc. announced it has launched a vendor supply chain financing program designed to enhance payment terms and improve cash flow for both valued vendors and the company. The platform will be administered by a FinTech company, which services suppliers in more than eighty countries in multiple currencies, MPA said. The company said it is engaging a syndicate of supply chain financing institutions to support the extension of terms for its accounts payable.

WAI Releases 25 New Part Numbers

This latest release provides coverage for more than 19.5 million VIO.

Dayco Initiates R&D Project on Rubber in Manufacturing

Dayco submitted an R&D project focusing on the reuse of devulcanized rubber in the design of auto parts.

Dayco rubber study R&D
Tire Industry CEOs Commit to Sustainability Work Plan

CEOs from 10 global tire manufacturers are committing to efforts to research tire emissions.

WESTAR Releases Drive Unit Mounts for EVs

The company released 19 new mounts, all for EV applications.

Other Posts

Iveco, Hedin Mobility Sign Share Purchase Agreement

Hedin Mobility Group will acquire Iveco Group’s distribution and retail operations in Sweden, Norway, Finland and Denmark.

Edelmann Elite Releases Universal Coolers

The coolers bring OE-quality, improved performance and easy installation to the aftermarket.

SMP Announces Product Category Expansion

Standard Motor Products says it is committed to expanding powertrain-neutral product categories.

Plews & Edelmann Adds Magnasteer Rack and Pinion Units

The new Edelmann Elite racks are designed for select GM vehicles and give alternatives for replacing GM Magnasteer systems.

Plews and Edelman Magnasteer_