Brookside Capital Partners invests in Handling Systems and Conveyors, Inc.
Brookside Capital Partners invests in Handling Systems and Conveyors, Inc.
Brookside Capital Partners has announced its investment in American Equipment Solutions. Formed in June 2021 and headquartered in Salt Lake City, UT, AES is one of the largest independently owned overhead crane and hoist, weighing and measurement solutions providers in the country. With more than 60 locations serving over 8,000 customers across the United States, AES’ family of companies provides comprehensive solutions for everything related to customers’ overhead crane and hoist, weighing and measurement needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, new and replacement equipment, automated systems, system modernizations and training.
Brookside Capital Partners provided subordinated debt and an equity co-investment to support an add-on acquisition by AES, an existing portfolio company of Rotunda Capital Partners, a private equity firm focused on value-added distribution, asset light logistics and industrial, business and residential services companies. Since 2021, AES has completed 17 acquisitions to significantly expand the company’s breadth and depth of capabilities. The company continues to remain interested in acquiring other overhead crane, industrial scale and material handling equipment, parts and solution providers.
Read full press release here.