Audax-backed RelaDyne buys New West Oil

RelaDyne, which is backed by Audax Private Equity, has acquired Glendale, Arizona-based New West Oil, a distributor of lubricants, fuel, and related equipment and provider of environmental services.

RelaDyne, which is backed by Audax Private Equity, has acquired Glendale, Arizona-based New West Oil, a distributor of lubricants, fuel, and related equipment and provider of environmental services. No financial terms were disclosed.

PRESS RELEASE

Audax Private Equity portfolio company, RelaDyne, acquires New West Oil
The Company

New West Oil is a full-service distributor of lubricants, fuel, and related equipment and provider of environmental services to a diverse group of customers across Arizona and southern Nevada.

The Deal
RelaDyne, a portfolio company of Audax Private Equity (“Audax”) has completed the acquisition of New West Oil, representing the company’s 24th acquisition under Audax ownership.

The Thesis
Audax acquired RelaDyne in July 2016 as one of the nation’s leading distributors of lubricants, fuel, and diesel exhaust fluid products, and provider of industrial reliability services, with the vision of expanding into a national platform through organic and acquisitive growth. The acquisition of New West Oil establishes a growth platform in the Arizona and Nevada markets, new geographies for RelaDyne, and creates contiguous operations from coast to coast. The combined management teams of RelaDyne and the acquired companies will work together to expand scale and enhance product offerings for customers.