MML sells Industrial Acoustics to AEA

The new investor will support the further growth of the company. AEA currently has more than $3.6bn under management, primarily within the industrials, speciality chemicals and consumer products sectors.

Previous funding
MML backed Industrial Acoustics in 1998. The firm has grown through acquisitions since the original investment.

Company
Headquartered in Winchester and founded in 1949, Industrial Acoustics provides noise and acoustic control products, structures, test facilities and aero-engine testing solutions.

The firm exports equipment to more than 50 countries and has manufacturing plants in Australia, China, Denmark, France, the UK and the US. Industrial Acoustics employs more than 650 members of staff.

People
Bal Johal is a managing partner at MML and sat on the Industrial Acoustics board. John Garcia is chief executive of AEA Investors.

Advisers
Vendor – Norton Rose (Legal).
Company – Harris Williams & Co. (Corporate finance).

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