# Leonard Green nears deal to acquire Pro Mach from AEA Investors

Leonard Green & Partners is reportedly nearing a deal to acquire packaging company Pro Mach Group from AEA Investors for more than $2.2 billion including debt, according to Reuters.

- Type: Acquisition
- Announced: 2018-01-29
- Where: Covington, Kentucky, United States
- Value: $2.20B
- Status: rumored
- Products: packaging machinery
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [AEA Investors](https://endata.com/companies/469.md) (partner)
- [Leonard Green & Partners](https://endata.com/companies/2739.md) (acquirer)
- [Pro Mach Group](https://endata.com/companies/2740.md) (target)
- [ProMach](https://endata.com/companies/2759.md) (target)

## Sources

- [privateequityinternational.com](https://www.privateequityinternational.com/buyout-firm-leonard-green-nears-deal-to-acquire-pro-mach-reuters/), 2018-01-29: "Private equity firm Leonard Green & Partners LP is nearing a deal to acquire U.S. packaging company Pro Mach Group Inc from buyout firm AEA Investors LP for more than $2.2 billion, including debt, Reuters reported."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-week-leonard-green-partners-duravant-llc-westrock/), 2018-02-02: "Leonard Green & Partners has signed an agreement via its affiliates to acquire ProMach Inc from private equity firm AEA Investors."
- [packagingstrategies.com](https://www.packagingstrategies.com/articles/90217-leonard-green-partners-to-acquire-promach-from-aea-investors), 2018-02-06: "affiliates of Leonard Green & Partners, a leading private equity investment firm, have entered into a definitive agreement to acquire the company from affiliates of AEA Investors"
- [peprofessional.com](https://peprofessional.com/2018/03/aea-sells-promach-leonard-green/), 2018-03-01: "Leonard Green & Partners has acquired ProMach, a provider of packaging equipment and systems, from AEA Investors."
- [robertspolypro.com](https://www.robertspolypro.com/news/promach-announces-new-ownership-by-leonard-green-and-partners/), 2018-03-07: "announced today the completion of its acquisition by affiliates of Leonard Green & Partners from affiliates of AEA Investors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.