Audax acquires CURT Manufacturing

Audax Group has acquired CURT Manufacturing. Headquartered in Eau Claire, Wisconsin, CURT designs, manufactures, and distributes towing solutions and trailer and cargo management accessories for passenger vehicles and trucks. CURT sells its products through installer, distributor, e-commerce, retail, and auto dealer channels.

PRESS RELEASE

Audax Group announced it has acquired CURT Manufacturing, LLC (“CURT”). Headquartered in Eau Claire, Wisconsin, CURT designs, manufactures, and distributes towing solutions and trailer and cargo management accessories for passenger vehicles and trucks. CURT sells its products through installer, distributor, e-commerce, retail, and auto dealer channels.

“CURT is a leader in a growing segment of the automotive aftermarket. We look forward to working with Greg Hooks and the CURT team to grow the business organically and with acquisitions.”

Geoffrey S. Rehnert, Co-CEO of Audax Group, said “CURT is a leader in a growing segment of the automotive aftermarket. We look forward to working with Greg Hooks and the CURT team to grow the business organically and with acquisitions.”

Greg Hooks, CEO of CURT, said “We are excited to have Audax as our new partner. Its track record of sourcing and integrating add-on acquisitions will enhance our ability to grow while continuing to build on our brand’s reputation of market-leading value.”

Kirkland & Ellis LLP served as counsel to Audax Group. BB&T Capital Markets advised CURT. BMO Capital Markets and GE Capital Corporation provided senior debt financing and BB&T Capital Partners provided junior debt financing.

ABOUT AUDAX GROUP

Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.

Contacts
Audax Group
Geoffrey S. Rehnert, 617-859-1503
Co-CEO

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget