Protective Industrial Products, which is backed by Audax Private Equity, has acquired Boss Manufacturing, a supplier of gloves, boots, rain-wear, and other personal protective equipment. No financial terms were disclosed.
PRESS RELEASE
Audax Private Equity portfolio company, Protective Industrial Products, acquires Boss Manufacturing
The Company
Boss Manufacturing is a leading supplier of gloves, boots, rain-wear, and other personal protective equipment to both the consumer and industrial markets. The company has marketed its products under the Boss brand since its founding in 1893, and also holds the CAT® license for branded work gloves and safety products.
The Deal
Protective Industrial Products (“PIP”), a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Boss Manufacturing, representing the company’s ninth acquisition since Audax’ investment.
The Thesis
In January 2018, Audax partnered with Protective Industrial Products, a leading designer, marketer, and distributor of personal protective equipment, based in Latham, NY. In addition to continuing to grow organically, PIP will continue to build its broad product portfolio through acquisitions in existing and new categories and geographies. To support this strategy, the company is seeking add-on acquisition opportunities in personal protective products globally.
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