Audax Private Equity has acquired Aerospheres as an add-on for portfolio company Fastener Distribution Holdings. No financial terms were disclosed. UK-based Aerospheres is a provider of chemicals, paints, adhesives, sealants and composites for commercial airline MRO operations.
Audax Private Equity (“Audax”) continued its active participation in the UK M&A market with the recent acquisition of Aerospheres, an add-on acquisition for Audax portfolio company Fastener Distribution Holdings. The deal marked Audax’ 14th add-on acquisition completed in the UK over the last 48 months. Audax invests behind platform companies headquartered in North America, but our Buy & Build strategy takes us around the world to pursue add-on acquisitions that open new markets, fuel revenue growth, optimize operations, and increase equity value. In our 20 year history, Audax has completed 57 deals outside North America, including 25 in the UK and more than 25 in continental Europe.
Areas of interest for Audax include: Business Services, Consumer, Healthcare, Industrial Technologies, and Software & Technology. We are seeking add-on acquisitions across all of our portfolio companies.