BGL Announces the Recapitalization of AIMS Companies by Sterling Investment Partners

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Apr 16, 2020, 10:56 ET

CLEVELAND, April 16, 2020 /PRNewswire/ -- Brown Gibbons Lang & Company ("BGL") is pleased to announce the recapitalization of AIMS Companies ("AIMS") by Sterling Investment Partners ("Sterling") along with AIMS' founder and CEO, Chris Mihaletos, and its senior management team. Sterling is a leading middle market private equity firm focused on value-added business services and distribution investments. BGL's Environmental & Industrial Services Group served as the financial advisor to AIMS in the transaction. The specific terms of the transaction were not disclosed.

Brown Gibbons Lang & Company (“BGL”) is pleased to announce the recapitalization of AIMS Companies (“AIMS”) by Sterling Investment Partners (“Sterling”) along with AIMS’ founder and CEO, Chris Mihaletos, and its senior management team. Sterling is a leading middle market private equity firm focused on value-added business services and distribution investments. BGL’s Environmental & Industrial Services Group served as the financial advisor to AIMS in the transaction.

Headquartered in Scottsdale, Arizona, AIMS is a leading national provider of infrastructure inspection, maintenance, and support services to the municipal, utility, industrial, and energy end-markets. The company's complementary services, including (i) pipe inspection & cleaning, (ii) hydroexcavation, and (iii) vacuum and hydroblast cleaning, are critical to its customers' ability to maintain operational workflow and regulatory compliance. AIMS operates 15 branches across the U.S. which are strategically positioned in regions of high demand in the West, Southwest, and Southeast. The company's cross-trained workforce, expansive fleet of over 400 units, and company-wide culture of safety and performance have enabled AIMS to become a trusted partner to its premier customer base.

Chris Mihaletos, founder and CEO of AIMS, said, "The BGL team clearly understands our industry and our company's unique position in the market. Their client commitment and industry expertise were critical to us achieving our transaction goals. The partnership BGL helped us establish with Sterling Investment Partners will allow us to expedite the achievement our growth plan."

"The AIMS team has built an exceptional platform for infrastructure maintenance and inspection services," noted BGL Director & Principal Michael Vinciguerra. "With the backing of Sterling, we expect the company's leadership position and growth trajectory will only be enhanced."

About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, divestitures, capital markets, financial restructurings, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in Chicago, Cleveland, Denver, San Antonio, and San Diego. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.

About Sterling Investment Partners
Sterling Investment Partners is a private equity firm that has been investing in and building middle-market companies for over 29 years with a highly-experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 170 transactions, representing $17.5 billion in transaction value. Key industries Sterling focuses on include value-added distribution and business services. www.sterlinglp.com.

SOURCE Brown Gibbons Lang & Company