BB&T Capital Markets serves as Financial Advisor to Arrowhead, a portfolio company of Pfingsten Partners, in its sale to The Riverside Company
On August 31, 2015, Pfingsten Partners, L.L.C. (“Pfingsten”), a leading middle market private equity firm, completed the sale of AEP Holdings, Inc. (“Arrowhead”) to The Riverside Company (“Riverside”). BB&T Capital Markets served as financial advisor to Arrowhead.
About the Companies
Headquartered in Blaine, MN, Arrowhead is a leading supplier of non-discretionary, mission-critical, aftermarket replacement parts serving a wide variety of vehicle end markets including powersports, agricultural & industrial, outdoor power equipment, marine, and automotive & heavy duty. Arrowhead’s comprehensive product portfolio of more than 75,000 non-discretionary SKUs includes suspension parts, driveline components, alternators / generators, starters, gasket kits, and other components. The company serves more than 6,800 customers and has seven distribution centers in North America, one in the UK, and sourcing offices in India and China. Arrowhead has 200 fulltime employees.
Pfingsten is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago, IL and representative offices in ChangAn, China, New Delhi, India, and Chennai, India, the firm builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth. Since completing its first investment in 1991, Pfingsten has raised four investment funds with total commitments of approximately $1.0 billion and has acquired 104 manufacturing, distribution and business services companies.
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $300 million. Since its founding in 1988, Riverside has invested in more than 400 transactions. The firm’s international portfolio includes more than 80 companies.
BB&T Capital Markets is the leading investment bank to the automotive aftermarket. We provide unparalleled industry expertise and transaction execution throughout the entire aftermarket channel - from suppliers and distributors to retailers and professional installers - in every segment of the $300 billion industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.