Updated: Bridgewater Corp has Agreed to be Purchased
The newly formed entity will be owned by affiliates of AEA Investors through its Small Business Fund II (AEA), as well as members of the Aramsco and Bridgewater management teams.
Confluence Group LLC, owner of the Bridgewater family of companies, is pleased to announce it has entered into a definitive agreement to sell its business to a newly formed entity which also owns Aramsco, Inc, according to a press release.
The newly formed entity will be owned by affiliates of AEA Investors through its Small Business Fund II (AEA), as well as members of the Aramsco and Bridgewater management teams. The transaction is expected to close in the coming weeks. Both Aramsco and Bridgewater will continue to operate under their existing names and with their current management teams.