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April 16, 2020

BGL Announces the Recapitalization of AIMS Companies by Sterling Investment Partners

Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of AIMS Companies (AIMS) by Sterling Investment Partners (Sterling) along with AIMS’ founder and CEO, Chris Mihaletos, and its senior management team. Sterling is a leading middle market private equity firm focused on value-added business services and distribution investments. BGL’s Environmental & Industrial Services Group served as the financial advisor to AIMS in the transaction. The specific terms of the transaction were not disclosed.

Headquartered in Scottsdale, Arizona, AIMS is a leading national provider of infrastructure inspection, maintenance, and support services to the municipal, utility, industrial, and energy end-markets. The company’s complementary services, including (i) pipe inspection & cleaning, (ii) hydroexcavation, and (iii) vacuum and hydroblast cleaning, are critical to its customers’ ability to maintain operational workflow and regulatory compliance. AIMS operates 15 branches across the U.S. which are strategically positioned in regions of high demand in the West, Southwest, and Southeast. The company’s cross-trained workforce, expansive fleet of over 400 units, and company-wide culture of safety and performance have enabled AIMS to become a trusted partner to its premier customer base.

Chris Mihaletos, founder and CEO of AIMS, said, “The BGL team clearly understands our industry and our company’s unique position in the market. Their client commitment and industry expertise were critical to us achieving our transaction goals. The partnership BGL helped us establish with Sterling Investment Partners will allow us to expedite the achievement our growth plan.”

“The AIMS team has built an exceptional platform for infrastructure maintenance and inspection services,” noted BGL Director & Principal Michael Vinciguerra. “With the backing of Sterling, we expect the company’s leadership position and growth trajectory will only be enhanced.”