Audax Group Sells Help/Systems to Summit Partners

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 […]

Brazos Private Equity Partners Sells Tri-Northern

Brazos Private Equity Partners, a Dallas-based investment firm, has exited its investment in Tri-Northern Holdings Inc., a distributor of electronic security products. The buyer was private equity firm Audax Group. Terms were not released. Tri-Northern is based in Woodbury, New York, and was formed by Brazos and management through the acquisition and subsequent merger of […]

Audax Sells Arnold to Compass

Lower mid-market investor Audax Group has sold Arnold Magnetic Technologies Corporation to Compass Diversified Holdings. Headquartered in Rochester, New York, Arnold is a global manufacturer of engineered, magnetic products for aerospace, military, alternative energy, and industrial applications. PRESS RELEASE Audax Group has completed the sale of Arnold Magnetic Technologies Corporation (“Arnold”) to Compass Diversified Holdings […]

Audax Group Wraps Phillips & Temro Deal

Audax Group, the Massachusetts-based private equity firm, completed its acquisition of Temro Industries, the Minnesota-based maker of heating and cooling products for engines. Goldman Sachs advised the seller; Kirkland & Ellis LLP served as advisor to the buyer. Debt was provided for the deal by GE Antares and Chase Capital. PRESS RELEASE Audax Group announced […]

Audax Acquires ADCS

Lower middle market investor Audax Group has completed the acquisition of Advanced Dermatology and Cosmetic Surgery. Headquartered in Maitland, Florida, ADCS is a dermatology-focused physician practice management company, with 53 company-affiliated dermatology clinics in Florida and Ohio providing clinical, cosmetic, and pathology services. PRESS RELEASE Audax Group announced it has completed the acquisition of Advanced […]

NXT Capital Provides Financing for Audax Deal

NXT Capital announced Monday that it has provided a senior credit facility to fund Audax Group‘s acquisition of Advanced Dermatology & Cosmetic Surgery. NXT Capital was the sole lead arranger, sole bookrunner and administrative agent for the deal. Terms were not released. Audax is a middle-market private equity shop. PRESS RELEASE NXT Capital today announced […]

Audax Deals Cinelease

Cinelease, the motion-picture lighting and grip equipment rental service, has been dealt from Boston-based private equity firm Audax Group to Hertz Global Holdings. Houlihan Lokey, Inc. advised Cinelease. Kirkland & Ellis LLP represented Audax Group. Specifics on the deal were not publicized.

Robert Rayner Joins Board of Distribution International

Houston-based Distribution International (DI) Holdings has appointed Robert Rayner to its board of directors.  DI distributes marine insulation and related specialty fabricated products. Mr. Rayner previously served as president and CEO of Specialty Products & Insulation (“SPI”), a distributor of insulation and architectural products. DI is a portfolio company of Boston-based Audax Group. PRESS RELEASE: […]

Audax Sells Nivel to Kelso

Mid-market investor Audax Group has sold Nivel Holdings to Kelso & Company. Headquartered in Jacksonville, Florida, Nivel is a distributor of golf car aftermarket parts and accessories. PRESS RELEASE Audax Group announced it has completed the sale of Nivel Holdings, LLC (“Nivel”) to Kelso & Company. Headquartered in Jacksonville, Florida, Nivel is a leading value-added […]

Audax Targets $1B For Fund IV

Buyout shop Audax Group is targeting $1 billion for its fourth fund, Audax Private Equity Fund IV, L.P., according to a regulatory filing. Audax, based in Boston, invests primarily in lower-middle market companies. The firm closed its third fund in 2007 with $1 billion in capital commitments. More recently, the firm announced last week that it had exited its investment in ColorMatrix in a $486 million sale to chemical maker PolyOne Corp.

Audax Group Completes ColorMatrix Exit

Private equity shop Audax Group has completed its $486 million sale of portfolio company ColorMatrix, dealing the company to chemical maker PolyOne Corp. ColorMatrix is a manufacturer of colorants and other additives for plastics. Audax Group put ColorMatrix on the block this summer.

PE-Backed Distribution International Buys Blackhawk

Distribution International, a portfolio company of buyout firm Audax Group, has acquired Blackhawk Specialty Co. Port Arthur, Texas-based Blackhawk is a distributor and fabricator of insulation materials and safety equipment for industrial markets. Terms of the deal were not released.

Audax Group Gets Dough on LewisGoetz Exit

ERIKS NV will buy Boston PE firm Audax Group’s LewisGoetz after just a four year hold for the sponsor. Specifics on the deal were not publicized. Over the course of its ownership, Audax tagged on nine acquisitions to support LewisGoetz. Robert W. Baird represented LewisGoetz.

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