Aurora acquired Anthony in 2004, since then Anthony has expanded through a number of strategic initiatives, including, the expansion of its international footprint in Europe and Asia and the extension of its offerings into adjacent product lines, such as ‘re-skinning’, the onsite refurbishment of refrigerator and freezer cases.
Terms of the transaction were not disclosed.
Aurora Capital Group chairman Gerald Parsky said the partnership with Anthony is a clear demonstration of the successful execution of Aurora’s strategy.
Avista partner David Durkin said Anthony’s strong customer relationships, technological innovation and best-in-class customer service present a compelling investment opportunity for Avista. Anthony perfectly fits Avista’s strategy of partnering with superior management teams to invest in and add value to well-positioned businesses.
Morgan Stanley acted as financial advisor and Gibson Dunn & Crutcher acted as legal advisor to Aurora Capital Group. Weil, Gotshal & Manges acted as legal advisor to Avista Capital Partners.
