February 2007
Investment date
$58M
Purchase price
Cary, NC
Headquarters
June 2008
Divesture Date
$95M
Sale Price
INDUSTRY: NICHE INDUSTRIAL
About Aeroglide
Designer and manufacturer of industrial drying and cooling equipment with specialized thermal processing equipment designed to remove moisture and heat from a variety of processed food and industrial products.
CODI Value Add:
Worked with management to identify and proactively invest in new product development leveraging core thermal processing knowhow.
Investment Highlights:
- Experienced, proactive senior Management Team
- Proprietary process engineering expertise
- Significant market share within the global industrial drying and cooling industry
- Strong blue-chip customer relationships
How We Work: We seek companies with purpose and staying power—businesses that dominate their space and are built to endure.
CODI Corner
