AEA Investors’ private debt group, a provider of private credit to the middle market, served as the sole provider of mezzanine notes and an equity co-investment in support of LFM Capital-backed Weller Metalworks’ acquisition of DROP Sprockets.
“We are pleased to partner with the LFM team again and expand on our existing relationship,” Timothy Wong, principal of AEA’s private debt group, said. “Weller Metalworks is a leader in its market and true solutions provider to its customers, and we look forward to being a part of the Platform’s next stage of growth.”
“The addition of DROP Sprockets to Weller enhances our manufacturing capabilities and product offering to better serve customers that are looking for high-quality components delivered when they need them,” Russ Aiken, vice president of LFM Capital, said. “We appreciate AEA Private Debt’s ability to provide a quick, flexible financing solution in support of this transaction, enabling us to position the Platform for success, and we look forward to our continued partnership with the AEA private debt team.”