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 [...]