MML Sells IAC to AEA Investors
MML has completed the sale of Industrial Acoustics Inc. to AEA Investors LP. Headquartered in Winchester, IAC is a global provider of noise and acoustic control products, structures, test facilities and aero-engine testing solutions for complex and demanding applications, with offices in Europe, North America, Asia-Pacific and Australasia.
Under MML’s ownership the Company has established itself as the leading global provider of engineered noise control and acoustic solutions and MML backed IAC through a number of bolt on acquisitions, significantly extending its footprint and ability to serve customers globally.
Commenting on the sale, Bal Johal, a Managing Partner at MML who served on the IAC board, said: "MML has enjoyed a successful relationship with IAC, working closely with the management team in developing the Company into the global industry-leader it is today. We wish the team continued success in the future.”
Brian Quarendon, President and CEO of IAC added, "We are grateful to MML for their support in the growth and expansion of the business. They have been an invaluable partner in the success of the Company. We are now looking forward to working with AEA as we move to an exciting stage of growth."