Franklin Square backs Audax portfolio company Rogue Wave Software

By Iris Dorbian — 1 month ago

Franklin Square Capital Partners’ FSIC funds, which are sub-advised by Blackstone’s GSO Capital Partners, has provided undisclosed financing to Rogue Wave Software. A portfolio company of Audax Group, Rogue Wave is a provider of cross-platform software development tools and libraries. The loan will be used to pay down Rogue Wave’s debt and for it to acquire Zend Technologies, a web and mobile application development for the PHP web language.


AP Exhaust buys Eastern Catalytic

By Luisa Beltran — 2 months ago

AP Exhaust Technologies LLC, a portfolio company of Audax Group, said it completed the acquisition of Eastern Catalytic. Financial terms weren’t announced. Langhorne, Pennsylvania-based Eastern Catalytic supplies direct fit, universal, and manifold catalytic converters for the automotive light duty aftermarket. Madison Capital provided financing. Angle Advisors advised Eastern.


Audax Group acquires Techniks from Tenex Capital

By Iris Dorbian — 2 months ago

Audax Group has acquired Techniks Industries, a provider of industrial cutting tools and tool holders. The seller was Tenex Capital Management. No financial terms were disclosed for the transaction that was done in partnership with Techniks’ management. Duff & Phelps and Pepper Hamilton LLP advised Techniks and Tenex Capital on the deal.


Aavid buys Kunze-Folien GmbH

By Luisa Beltran — 6 months ago

Aavid Corp, a portfolio company of the Audax Group, has acquired Kunze-Folien GmbH. Financial terms weren’t announced. Based in Oberhaching near Munich, Germany, Kunze designs, makes and integrates thermally conductive films, heat sinks, and transistor clips in power and other electronic environments.


Audax buys TPC Wire & Cable

By Luisa Beltran — 7 months ago

Audax Group said Friday it acquired TPC Wire & Cable Corp. The seller was Pfingsten Partners. Financial terms weren’t announced. Macedonia, Ohio-based TPC produces high performance, ruggedized wire, cable, and connectors used in harsh industrial applications. BB&T Capital Markets advised TPC Wire & Cable. Madison Capital, CIT Capital, NXT Capital, and PNC Mezzanine provided financing.


Audax invests in Corepoint Health

By Luisa Beltran — 9 months ago

The Audax Group has invested in Corepoint Health. Financial terms weren’t announced. Frisco, Texas-based Corepoint provides software that aims to simplify the integration and exchange of health data for hospitals, radiology centers, laboratories, and clinics.


AP Exhaust names Ostrander CEO

By Luisa Beltran — 10 months ago

AP Exhaust Technologies, a portfolio company of Audax Group, said it named Chris Ostrander as its new chief executive officer and president. Evangelos “Vange” Proimos, the current CEO, will continue as executive chairman. Goldsboro, N.C.-based AP Exhaust makes OE replacement exhaust and emission products for the automotive, light truck, heavy-duty, agricultural, and industrial markets.


PE-backed AAMP of America appoints new president and CEO

By Iris Dorbian — 11 months ago

AAMP of America, a portfolio company of Audax Group, has hired David A. Klatt Jr. as president and CEO. The appointment became effective January 7. Previously, Klatt worked at Newell Rubbermaid’s global writing segment where he served as president. AAMP is a provider of mobile audio/video products, mobile device accessories and installation and OEM integration solutions.


Advent International acquires Distribution International

By Iris Dorbian — 12 months ago

Advent International has bought Distribution International, a provider of mechanical insulation and related products in North America. No financial terms were disclosed. As a result of the transaction, existing backer Audax Group will retain a minority stake in the firm and remain on the board of directors. Also, Advent advisors Wes Clark and Chip Hornsby have been added to DI’s board of directors.


Tonka Bay sells Checkers Industrial Safety Products to Audax

By Chris Witkowsky — 1 year ago

Tonka Bay Equity Partners has sold Checkers Industrial Safety Products to Audax Group. Broomfield, Colorado-based Checkers designs and manufactures branded industrial products dedicated to vehicular and workplace safety. Tonka Bay led a recapitalization of Checkers along with the founder in 2010. The firm also completed three add-on acquisitions during its holding period.


Audax-backed Astrodyne buys TDI Power

By Iris Dorbian — 1 year ago

Astrodyne Corp., a portfolio company of Audax Group, has acquired TDI Power. No financial terms were disclosed. Headquartered in Hackettstown, New Jersey, TDI is a maker of power supplies and systems for semiconductor, industrial, medical and other end markets.