M&A Deal Summary

Audax Private Equity Acquires RelaDyne

On July 26, 2016, private equity firm Audax Private Equity acquired distribution company RelaDyne from AEA Investors and Kidd & Company

Acquisition Highlights
  • This is Audax Private Equity’s 9th transaction in the Distribution sector.
  • This is Audax Private Equity’s 92nd transaction in the United States.
  • This is Audax Private Equity’s 6th transaction in Ohio.
Investment Fate
  • RelaDyne was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2016-07-26
Target RelaDyne
Sector Distribution
Buyer(s) Audax Private Equity
Sellers(s) AEA Investors
Kidd & Company
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

RelaDyne

Cincinnati, Ohio, United States
website
RelaDyne is a distributor of lubricants, fuels & equipment reliability services to the commercial, industrial, and automotive markets. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S. RelaDyne was formed in 1982 and is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 95 of 153
Sector (Distribution) 9 of 12
Type (Secondary Buyout) 40 of 71
State (Ohio) 6 of 9
Country (United States) 92 of 145
Year (2016) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 Winchester Interconnect

Wallingford, Connecticut, United States

Winchester Interconnect is a provider of custom engineered interconnect solutions for diverse, growing end markets requiring high reliability and application specific expertise. Winchester designs and manufactures RF coaxial, board-to-board and power interconnects, as well as cable assemblies, for the telecommunications, computer, and test & measurement industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 United Urology Group

Owings Mills, Maryland, United States

United Urology Group is a urology physician practice management company with clinical offices and ambulatory surgical centers that provide general urologic care in addition to ancillary service lines including surgical centers, pharmacy, radiation therapy, and a pathology lab. United Urology Group was founded in 2006 and is based in Owings Mills, Maryland.

Buy -

Seller(S) 2

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 44 of 76
Sector (Distribution) 8 of 16
Type (Secondary Buyout) 16 of 33
State (Ohio) 4 of 4
Country (United States) 41 of 69
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-24 Visual Comfort

Houston, Texas, United States

Visual Comfort & Co. is a lighting company with a portfolio of fashionable and functional lighting fixtures, ceiling fans, and decorative products. Visual Comfort was founded in 1987 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 OMEGA Environmental Technologies

Irving, Texas, United States

OMEGA Environmental Technologies is an aftermarket distributor of climate control products and other mission-critical components across the light and heavy-duty automotive sectors. OMEGA Environmental Technologies was founded in 1989 and is based in Irving, Texas.

Buy -
SELLER

Kidd & Company

Old Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Kidd & Company is a research driven private investment firm that studies markets and industries before committing to an investment idea. Typically, the Firm acquires several companies to form a platform business for future growth and expansion. Kidd & Company was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 5 of 7
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Ohio) 1 of 1
Country (United States) 4 of 6
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Colerain RV

Cincinnati, Ohio, United States

Colerain RV is a specialty retailer of recreational vehicles. Colerain RV operates RV dealership, providing sales of new and used RVs, related services, parts, and accessories for RV owners and camping enthusiasts. Colerain RV was founded in 1968 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Logistyx

Rolling Meadows, Illinois, United States

Logistyx provides transportation execution systems and multi-carrier shipping software solutions. The Company expands delivery options and provides business intelligence to improve the delivery experience and drive loyalty through customer satisfaction. Logistyx was formed in 2017 and is based in Schaumburg, Illinois.

Buy -