Private equity company Leonard Green & Partners will acquire ProMach, a packing machinery provider, from AEA Investors.

Founded in 1998, ProMach product brands operate across the entire packaging spectrum providing solutions for nearly every application, including integration and engineering services for complete integrated packaging lines.

“We are excited to be partnering with Leonard Green as we enter our next phase of growth,” said Mark Anderson, president and CEO of ProMach. “The industry has changed dramatically over the past two decades, and so has ProMach. Through our strong partnership with AEA, and thanks to the hard work of every one of our dedicated employees, ProMach has become something truly remarkable.”

The transaction is expected to be completed in Q1/18 and is subject to customary closing conditions.

Morgan Stanley served as lead financial advisor to ProMach. Goldman Sachs also provided financial advice to ProMach. Fried, Frank, Harris, Shriver & Jacobson and Thompson Hine acted as legal advisors to ProMach. Latham & Watkins served as legal advisors to Leonard Green. Morgan Stanley Senior Funding and Goldman Sachs have underwritten and will arrange debt financing in connection with the transaction for Leonard Green.

Los Angles-based Leonard Green is a private equity investment firm with more than $25 billion of assets currently under management.