Olympus Partners completed the acquisition of a majority stake in Omega Environmental Technologies from AEA Investors.

Olympus Partners, a private equity firm, completed the acquisition of a majority stake in Omega Environmental Technologies, an aftermarket distributor of climate control products and other mission-critical components, from AEA Investors, a private equity firm. Financial terms were not disclosed. "The replacement air conditioning market is very attractive, with steadily growing demand and high barriers to entry due to the technical nature and SKU intensity of the product. Omega is the leader in this category with a portfolio of powerful brands and complete end market coverage. We look forward to working with Peter, Randy, and the rest of the management team to continue grow the Company," Jason Miller, Olympus Partner.