Warburg Pincus is buying TriMark USA from the Audax Group, according to two sources and an FTC filing.
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.
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.
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.
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 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.
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.
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.
Mitch Romney gets some love from Geoff Rehnert, the co-CEO of Audax Group, who helped Romney start Bain Capital in 1984. Rehnert tells peHUB that Romney said nothing untrue about the 47% and that he supports the presidential candidate.
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 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”) […]
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, 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 & […]
If you were wondering why so much money is trying to find a home in mid-market leveraged loans, look no further than the track record of Audax Group.
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 […]
Want to buy an industrial company? The price tag will be rich.
The CIT Group provided a senior secured credit facility that backed United Recovery Systems’s buy of Enterprise Recovery Systems. CIT Commercial & Industrial served as sole lead arranger and administrative agent for the financing. Terms of the deal weren’t disclosed. United Recovery is a portfolio company of the Audax Group. PRESS RELEASE CIT Group Inc. […]
Summit Partners has acquired a majority stake in Help/Systems. Financial terms weren’t disclosed. Audax Group was the seller. Eden Prairie, Minn.-based Help/Systems provides automated operations, security and business intelligence software solutions. The deal is the second time Summit has invested in Help/Systems. The growth equity firm initially invested in the company in 2005 and sold it […]