Private equity investment firm AEA Investors has entered into a definitive agreement with River & Associates to purchase Omega Acquisition Corp., which is comprised of Omega Environmental Technologies, gpd and Santech. The deal was effective as of Aug. 19.
Peter Butterfield, CEO of Omega Acquisition Corp., commented “We are delighted to have the opportunity to partner with AEA and are grateful for River’s support and guidance over the past several years. Our partnership with AEA will enable our company to continue our growth strategy both domestically and overseas, thanks to their extensive business network and leadership position across multiple sectors. The present management team remains firmly in place, and is further being strengthened by equity investments from numerous members of the Omega team. This new relationship represents a seamless change of ownership, business as usual for our stakeholders, and an exciting step forward for the company and its customers.”
Omega Acquisition Corp., based in Irving, Texas, is a leading global provider of aftermarket climate control components for a broad range of vehicles, including light vehicles, heavy-duty trucks, agricultural/off-road equipment and specialty markets. Selling to more than 86 countries, the company offers an extensive product portfolio of more than 20,000 active SKUs and a unique range of value-added solutions, including technical support, marketing and merchandising.