Tag Archives: AEA Investors

Univar Solutions to divest Environmental Sciences Business

AEA Investors to acquire Pest Management Business from U.S. Distribution Firm

Global chemical and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) announced last Thursday that it has reached a definitive agreement to sell its Environmental Sciences Business to an affiliate of AEA Investors, LP (New York, NY- United States) for a contract sales price of USD 195 mn.  The transaction, which may have its economic value increased by what Univar calls “cost avoidance opportunities”, is expected to be completed latest in early 2020.

Headquartered in Austin, TX, Univar Solutions’ Environmental Sciences business is “a premier pest management business serving customers in the U.S., Canada, and Mexico directly through approximately 250+ sales and service professionals and 70 ProCenters and in Latin America and the Caribbean through a network of authorized dealer partners. The business serves the expanding markets for pest control (including structural pest, public health, wildlife, vegetation management, and turf & ornamental) with unparalleled products and services, as well as educational and technology resources …”, Univar said in the announcement. Trace McEuen, Vice President Environmental Sciences, will continue to lead the business.

Univar is planning to use the proceeds from the transaction to pay down debt.

 

Source: Univar press release

HGE – DCG / 10.12.2019