Audax Recaps Rough Country Suspension

Audax Group has recapped Heckethorn Products Inc., which does business as Rough Country Suspension Systems, in partnership with management. It’s unclear how big Audax’s stake is. Financial terms were not announced. GE Capital Corp. and BMO Capital Markets provided senior debt financing and Arrowhead Mezzanine provided junior debt financing. Dyersburg, Tenn.-based Rough Country provides suspension systems to off-road SUV and truck market.

Audax Completes Actifio Implementation

Data management company Actifio has completed its implementation with Audax Group. Audax Group is an investor in middle market companies with over $4 billion of assets under management.

192 Views

Audax Closes Fund IV At $1.25B Cap: Buyouts

Audax Group, the Boston firm whose two founders trace their roots to Bain Capital, announced that it has closed the fourth iteration of its flagship fund at its hard cap of $1.25 billion.

Mezz Shop Plots $500M Fund III

Arrohead Mezzanine is seeking $500 million for its latest fund, its first since spinning out of Gleacher & Co. , as sponsor use of sub debt is on the rise.

Distribution International Recaps Crossroads C&I Distributors

Distribution International has replaced Yellow Point Equity Partners as the principal shareholder of Crossroads C&I Distributors. Headquartered in Edmonton, Alberta, Crossroads is a distributor of insulation and related fabricated products in Western Canada. Distribution International, based in Houston, Texas, is a portfolio company of Audax Group and The CapStreet Group. PRESS RELEASE Distribution International (“DI”) […]

Audax’s Koda Appoints President and CEO

Koda Distribution Group, a portfolio company of Audax Group, has appointed Frank Bergonzi as president and chief executive officer. Headquartered in Stamford, CT, Koda is a distributor of specialty chemicals for paints and coatings, personal care, dyes, lubricants, construction, sealants and adhesives applications. PRESS RELEASE Koda Distribution Group (“Koda”), a portfolio company of Audax Group, […]

Correct Care Solutions to Acquire Conmed Healthcare for $59 Mln

Correct Care Solutions, which is backed by Audax Group and Frazier Healthcare, has agreed to buy Conmed Healthcare Management for $3.95 a share cash or $59 million. The transaction is expected to close in third quarter. Conmed, of Hanover, Md., provides correctional facility healthcare services to juvenile and adult county detention centers. Cantor Fitzgerald & […]

Quest Appoints President and CEO

Quest Specialty Chemicals, a portfolio company of Audax Group and Moelis Capital Partners, has appointed Doug Mattscheck as president and chief executive officer, effective May 29th. Fred Quinn, Quest’s co-founder and chief executive officer, will continue as chairman of the board of directors and Gerry Loftus, Quest’s co-founder and chief operating officer, will join Quest’s […]

CIT Provides Financing for URS Buy of Enterprise Recovery

The CIT Group provided a senior secured credit facility that backed United Recovery Systems’s buy of Enterprise Recovery Systems. CIT Commercial & Industrial served as sole lead arranger and administrative agent for the financing. Terms of the deal weren’t disclosed. United Recovery is a portfolio company of the Audax Group. PRESS RELEASE CIT Group Inc. […]

Audax Group Sells Help/Systems to Summit Partners

Summit Partners has acquired a majority stake in Help/Systems. Financial terms weren’t disclosed. Audax Group was the seller. Eden Prairie, Minn.-based Help/Systems provides automated operations, security and business intelligence software solutions. The deal is the second time Summit has invested in Help/Systems. The growth equity firm initially invested in the company in 2005 and sold it […]

Brazos Private Equity Partners Sells Tri-Northern

Brazos Private Equity Partners, a Dallas-based investment firm, has exited its investment in Tri-Northern Holdings Inc., a distributor of electronic security products. The buyer was private equity firm Audax Group. Terms were not released. Tri-Northern is based in Woodbury, New York, and was formed by Brazos and management through the acquisition and subsequent merger of […]

Audax Sells Arnold to Compass

Lower mid-market investor Audax Group has sold Arnold Magnetic Technologies Corporation to Compass Diversified Holdings. Headquartered in Rochester, New York, Arnold is a global manufacturer of engineered, magnetic products for aerospace, military, alternative energy, and industrial applications. PRESS RELEASE Audax Group has completed the sale of Arnold Magnetic Technologies Corporation (“Arnold”) to Compass Diversified Holdings […]

PE HUB Community

Join the 12523 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget