Acosta Sales & Marketing, a full-service sales and marketing agency in the consumer packaged goods (CPG) industry, has signed an agreement for an equity investment of unsiclosed amount with Thomas H. Lee Partners (THL).
With the transaction, which is expected to close in the next 60 days, THL acquired the stake in Acosta from AEA Investors.
The company intends to use the capital to expand its service offerings into new strategic areas, as well as enhance the existing suite of services.
Acosta, which will continue to be led by President and CEO Robert Hill, provides a range of outsourced sales, marketing and retail merchandising services for over 17,000 associates in 65 locations throughout the U.S. and Canada.
Committed debt financing for the transaction has been provided by affiliates of Goldman Sachs, and Barclays. Affiliates of Goldman Sachs also committed to make an equity investment in Acosta.
FinSMEs
05/01/2011