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Aterian Investment Partners Invests In New York Contractor The Pace Companies
Monday 15 April 2019

15 April 2019 - US-based investment firm Aterian Investment Partners has invested in New York, US-based contractor The Pace Companies, the firm said.

Founded in 1968 and based in Brooklyn, New York, Pace is a provider of plumbing, HVAC/mechanical and fire protection services in the New York metropolitan area, serving the residential, commercial, hospitality, healthcare and governmental markets.

Pace specialises in both new construction and retrofit projects and has a rich history of working directly with New York's largest general contractors on numerous marquee buildings (e.g., Statue of Liberty, JFK Airport, Durst VIA 57, Carnegie Hall, United Nation's Secretariat Building, Google New York HQ, Rockefeller Center, World Trade Center 4 Building, etc.).

Aterian Investment Partners is an operationally-focused middle market private investment firm with over USD 700m in capital under management, providing resources to further enhance operations, growth and investment initiatives.

The firm invests in businesses generating USD 25m to USD 500m of annual revenue with strong, proven franchises.

Stout Risius Ross Advisors, LLC and Akin Gump Strauss Hauer and Feld LLP advised the seller on the transaction. Kirkland and Ellis LLP and PricewaterhouseCoopers LLP advised Aterian.
Date Published: 15/04/2019
Target: The Pace Companies
Country: USA
Sector: Construction/Real Estate
Type: LBO
Status: Closed
Buyer: Aterian Investment Partners
Terms of the deal were not disclosed