Audax Group acquires Justrite from Baird Capital

Baird Capital has sold Justrite Manufacturing Co to Audax Group. No financial terms were disclosed. Lincoln International advised Justrite and Baird Capital on the sale. Based in Des Plaines, Illinois, Justrite is an industry safety platform.


CHICAGO, IL – Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Baird Capital has sold Justrite Manufacturing Co., L.L.C. (“Justrite” or the “Company”) to Audax Group. Terms of the transaction were not disclosed.

Justrite, headquartered in Des Plaines, Illinois, is a leading, globally recognized industrial safety platform providing unparalleled technical expertise, unmatched service and differentiated products. The Company offers one of the broadest suites of safety products for regulated and critical safety environments, including safety cabinets, safety cans, environmental and spill containment offerings, and outdoor safety storage buildings and lockers. Justrite’s products help ensure customers’ compliance with regulatory standards, including the storage, transfer, use and disposal of flammable, hazardous and environmentally harmful materials. For more information, please visit

Mark McElhinny, President and CEO of Justrite, commented, “Lincoln’s fundamental understanding of Justrite’s value proposition, coupled with its process execution focus, deep industry expertise and strong advocacy for the Justrite story, provided considerable leverage to my team and drove a very favorable outcome for us.” Andrew Brickman, Partner at Baird Capital, added, “Lincoln’s team remained highly engaged throughout the entire sale process, providing key strategic advice and ultimately providing a successful outcome for all parties.”

Lincoln acted as the exclusive investment banking representative for Baird Capital and Justrite, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.

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