Excelitas Technologies today announced that it has been acquired by funds sponsored by AEA Investors LP (AEA Investors). Formerly owned by Veritas Capital Fund Management since November 2010, Excelitas Technologies is focused on delivering market-driven photonic products and solutions to meet the lighting, optical and detection requirements of a broad range of customers worldwide. AEA Investors manages funds that have approximately $10 billion of invested and committed capital and AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer/retail and services. Financial terms of the acquisition were not disclosed.
Excelitas will remain headquartered in Waltham, Massachusetts (US) and retain its corporate identity and brands as it continues its successful business growth models.
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 include an extraordinary network of more than 75 of the world’s leading industrial families, business executives and former government leaders. Today, AEA’s approximately 60 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments.