403 Views

Audax completes sale of TriMark USA to Warburg Pincus

Audax Group has completed the sale of TriMark USA to Warburg Pincus. South Attleboro, Massachusetts-based TriMark provides equipment to the food services industry. TriMark completed six add-ons during Audax’s ownership and increased revenue from $260 million to more than $1 billion since Audax first invested in 2006.

303 Views

ACON completes IWP acquisition from Audax and Parthenon Capital

ACON has closed its buy of Injured Workers Pharmacy, a specialty home delivery pharmacy. The sellers were Audax Group and Parthenon Capital Partners. No financial terms were disclosed. Joining ACON on the transaction were Triton Pacific as well as Patrick Keefe and Tracy Finn, two former Omnicare senior executives. Ken Martino, president and CEO of IWP, will continue to lead the company. Citizens Bank provided the debt financing for the deal while Jefferies served as financial adviser to IWP.

106 Views

Audax-backed CURT acquires Aries

CURT Manufacturing, a portfolio company of Audax Group, has acquired Aries Automotive. No financial terms were disclosed. Headquartered in Torrance, Calif., Aries is a provider of aftermarket truck accessories. Alvarez & Marsal Transaction Advisory Group acted as financial advisor on the transaction.

178 Views

Audax Group forms MIRATECH Group

Audax Group has acquired MIRATECH and formed MIRATECH Group through its investment in Phillips & Temro Industries and by spinning-off PTI’s silencing business. Headquartered in Tulsa, OK, with additional facilities in Minnesota and Winnipeg, MIRATECH Group offers a full suite of emission and acoustic solutions for industrial engines including catalysts, housings, silencers, control and monitoring systems and other related services.

234 Views

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.

Audax Recaps Rough Country Suspension

Audax Group has recapped Heckethorn Products Inc., which does business as Rough Country Suspension Systems, in partnership with management. It’s unclear how big Audax’s stake is. Financial terms were not announced. GE Capital Corp. and BMO Capital Markets provided senior debt financing and Arrowhead Mezzanine provided junior debt financing. Dyersburg, Tenn.-based Rough Country provides suspension systems to off-road SUV and truck market.

Audax Completes Actifio Implementation

Data management company Actifio has completed its implementation with Audax Group. Audax Group is an investor in middle market companies with over $4 billion of assets under management.

192 Views

Audax Closes Fund IV At $1.25B Cap: Buyouts

Audax Group, the Boston firm whose two founders trace their roots to Bain Capital, announced that it has closed the fourth iteration of its flagship fund at its hard cap of $1.25 billion.

Mezz Shop Plots $500M Fund III

Arrohead Mezzanine is seeking $500 million for its latest fund, its first since spinning out of Gleacher & Co. , as sponsor use of sub debt is on the rise.

Distribution International Recaps Crossroads C&I Distributors

Distribution International has replaced Yellow Point Equity Partners as the principal shareholder of Crossroads C&I Distributors. Headquartered in Edmonton, Alberta, Crossroads is a distributor of insulation and related fabricated products in Western Canada. Distribution International, based in Houston, Texas, is a portfolio company of Audax Group and The CapStreet Group. PRESS RELEASE Distribution International (“DI”) […]

Audax’s Koda Appoints President and CEO

Koda Distribution Group, a portfolio company of Audax Group, has appointed Frank Bergonzi as president and chief executive officer. Headquartered in Stamford, CT, Koda is a distributor of specialty chemicals for paints and coatings, personal care, dyes, lubricants, construction, sealants and adhesives applications. PRESS RELEASE Koda Distribution Group (“Koda”), a portfolio company of Audax Group, […]

Correct Care Solutions to Acquire Conmed Healthcare for $59 Mln

Correct Care Solutions, which is backed by Audax Group and Frazier Healthcare, has agreed to buy Conmed Healthcare Management for $3.95 a share cash or $59 million. The transaction is expected to close in third quarter. Conmed, of Hanover, Md., provides correctional facility healthcare services to juvenile and adult county detention centers. Cantor Fitzgerald & […]

Quest Appoints President and CEO

Quest Specialty Chemicals, a portfolio company of Audax Group and Moelis Capital Partners, has appointed Doug Mattscheck as president and chief executive officer, effective May 29th. Fred Quinn, Quest’s co-founder and chief executive officer, will continue as chairman of the board of directors and Gerry Loftus, Quest’s co-founder and chief operating officer, will join Quest’s […]

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