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Audax-backed Smart Care Equipment Solutions acquires Alpro Service Company

Smart Care Equipment Solutions, a portfolio company of Audax Private Equity, has acquired New York City-based Alpro Service Company, a parts and repair service company for commercial food-service and kitchen equipment. No financial terms were disclosed.

PRESS RELEASE

Audax Private Equity portfolio company, Smart Care Equipment Solutions, acquires Alpro Service Company

THE COMPANY
Alpro Service Company (“Alpro” or the “Company”) is a New York City-based parts and repair service company for commercial food-service and kitchen equipment. The Company operates in New York City and the surrounding tri-state area, with expertise in the corporate dining and hospitality market segments.

THE DEAL
Smart Care Equipment Solutions (“Smart Care”), a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Alpro, which is the company’s second add-on acquisition, seven months after Audax’ investment in Smart Care in November 2017. Alpro strengthens Smart Care’s leadership position in NYC and increases its reach within the region.

THE THESIS
Smart Care is a leading provider of commercial kitchen equipment repair and maintenance services to
commercial food service operators in the U.S., serving 40,000 customer locations across 25 states with
600 technicians and 400 subcontractors. This is Smart Care’s second acquisition since Audax invested in the company with the goal of becoming the country’s premier provider of commercial kitchen equipment repair and maintenance services.

ABOUT AUDAX PRIVATE EQUITY

Please see www.audaxprivateequity.com/portfolio/investments for a full list of platform acquistions.

A full list of transactions will be provided upon request.