Audax Private Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Audax Private Equity has acquired 26 companies. It has also invested in 5 others.

Audax Private Equity’s most common sectors for investment arehealthcare services (9%) and business services (8%) . The Firm’s most common investment types include secondary buyout (47%) and buyout (lbo, mbo, mbi) (27%). In total, Audax Private Equity has invested in 31 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired Ready Mixed Concrete for $210M.

In the last 3 years, Audax Private Equity has exited 26 companies. The Firm’s most common exit type is secondary buyout (56%). Audax Private Equity’s largest (disclosed) exit occurred in 2010 when it sold Lincoln Industrial for $1.0B.

Join Mergr to view Audax Private Equity’s full profile and discover more mega-sized private equity firms just like it.

M&A Summary

  • M&A Total Activity234
    • M&A Buy Activity144
    • M&A Sell Activity90
  • Total Sectors Invested 40
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 62
  • M&A Advisors 27

Audax Private Equity

101 Huntington Avenue,
Boston, Massachusetts 02199
United States
(617) 859-1500
www.audaxprivateequity.com
LPRequests@audaxgroup.com

Audax Private Equity is a private equity firm that targets to invest in small-cap and lower-middle market companies. The Firm seeks to invest $10 - $100 million in companies with revenues of at least $50 million and EBITDA of $10 million. Audax targets companies valued at between $100 and $500 million. Areas of interest include building products, business services, distribution/direct marketing, energy, niche manufacturing/specialty industrials, technology/media, consumer products, environmental services, education, food/beverages, waste/recycling, water, and wastewater services. Types of transactions include buyouts, divestitures, sponsor exit, family/entrepreneur, distressed and public company. Audax Private Equity is the private equity arm of Audax Group, Inc. Audax Private Equity was formed in 1999 and has offices in San Francisco and Boston.


Investment Criteria

Sectors of Interest: Beverages, Building Materials, Business Services, Consumer Products, Consumer Services, Distribution, Education, Energy Services and Equipment, Environmental, Food, Healthcare Services, Information Technology, Internet Software and Services, Life Science, Machinery, Manufacturing, Marketing, Media, Medical Products, Software, Technology Hardware, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, Secondary Buyout, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 50 -
Target EBITDA 10 50
Investment Size 10 100
Enterprise Value 100 500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (8.0/yr) # 104 9 10 4 8 9 144
vol $896M $896M
Sell (6.6/yr) # 57 7 8 3 10 5 90
vol $4.3B $572M $250M $736M $642M $6.5B
  234

Most Recent M&A

Company Date Value Type
DISA Global Solutions, Inc. 2022-09-12 - Secondary Buyout
Houston, Texas · www.disa.com
WellSpring Pharmaceutical Corp. 2022-08-23 - Secondary Buyout
Sarasota, Florida · www.wellspringpharm.com
Rensa Filtration 2022-08-15 - Secondary Buyout
St. Charles, Illinois · www.rensafiltration.com
BlueCat Networks, Inc. 2022-06-23 - Secondary Buyout
Toronto, Ontario · www.bluecatnetworks.com
Harbourfront Wealth Management, Inc. 2022-06-14 - Growth Capital
Vancouver, British Columbia · www.harbourfrontwealth.com
Thermogenics, Inc. 2022-06-02 - Secondary Buyout
Aurora, Ontario · www.thermogenicsboilers.com
Monarch Landscape Companies LLC 2022-04-01 - Secondary Buyout
Los Angeles, California · www.monarchlandscape.com
Flow Control Holdings 2022-03-15 - Secondary Buyout
Chicago, Illinois · www.flowcontrolholdings.com
Stonewall Kitchen, Inc. 2022-03-14 - Secondary Buyout
York, Maine · www.stonewallkitchen.com
Lifemark Health Corp. 2022-03-14 642M CAD Add-on Acquisition
Toronto, Ontario · www.lifemark.ca
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Aspen Surgical Products, Inc. 2019-07-10 Symmetry Surgical, Inc. 2022-10-27 6
Caledonia, Michigan · www.aspensurgical.com Nashville, Tennessee · www.symmetrysurgical.com
48forty Solutions LLC 2020-12-01 CALco Pallet Co. 2022-08-25 14
Houston, Texas · www.48forty.com Richmond, Illinois · www.usacalco.com
48forty Solutions LLC 2020-12-01 Girard Wood Products - Pallet Recycling Division 2022-06-06 13
Houston, Texas · www.48forty.com Puyallup, Washington
Centerline Communication LLC 2022-01-11 STC Wireless Resources, Inc. 2022-03-10 1
West Bridgewater, Massachusetts · www.centerlinecommunications.com Fontana, California · www.stcnetcom.com
S.J. Electro Systems, Inc. 2021-06-28 L.W. Allen, Inc. 2021-08-02 1
New Hope, Minnesota · www.sjeinc.com Madison, Wisconsin · www.lwallen.com
Aspen Surgical Products, Inc. 2019-07-10 Briggs Healthcare - Stork 2021-06-14 5
Caledonia, Michigan · www.aspensurgical.com Moines, Iowa
Innovative Chemical Products Group 2016-01-19 Choice Slocum Holdings LLC 2021-04-19 14
Andover, Massachusetts · www.icpgroup.com Cincinnati, Ohio · www.choiceadhesivescorp.com
48forty Solutions LLC 2020-12-01 BridgeStreet Worldwide - European and Asian Agency Business 2020-12-08 12
Houston, Texas · www.48forty.com , United Kingdom
Astute, Inc. 2019-04-10 iPerceptions, Inc. 2020-07-17 2
Columbus, Ohio · www.astutesolutions.com Montreal, Quebec · www.iperceptions.com
Aspen Surgical Products, Inc. 2019-07-10 Precept Medical Products, Inc. 2020-05-04 4
Caledonia, Michigan · www.aspensurgical.com Arden, North Carolina · www.preceptmed.com

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 6 (12%) - 13 (9%) 190M (21%)
Business Services 4 (8%) - 11 (8%) -
Distribution 2 (4%) - 11 (8%) -
Medical Products 3 (6%) - 9 (6%) -
Manufacturing 5 (10%) - 8 (6%) -
Automotive 1 (2%) - 7 (5%) -
Information Technology 4 (8%) - 7 (5%) -
Software 2 (4%) - 7 (5%) -
Chemicals 1 (2%) - 6 (4%) -
Electrical Equipment 2 (4%) - 6 (4%) -
Safety/Security 1 (2%) - 5 (3%) 161M (18%)
Machinery 1 (2%) - 5 (3%) -
Building Materials 2 (4%) - 4 (3%) -
Construction 1 (2%) - 3 (2%) 210M (23%)
Internet Software and Services 1 (2%) - 3 (2%) -
Life Science 1 (2%) - 3 (2%) -
Marketing - - 3 (2%) -
Plastics - - 2 (1%) 175M (20%)
Technology Hardware 1 (2%) - 2 (1%) 100M (11%)
Consumer Products 1 (2%) - 2 (1%) -
Consumer Services 2 (4%) - 2 (1%) -
Education - - 2 (1%) -
Energy Services and Equipment - - 2 (1%) -
Environmental 1 (2%) - 2 (1%) -
Financial Services 1 (2%) - 2 (1%) -
Packaging 1 (2%) - 2 (1%) -
Retail - - 2 (1%) -
Transportation 1 (2%) - 2 (1%) -
Publishing - - 1 (1%) 60M (7%)
Aerospace 1 (2%) - 1 (1%) -
Apparel/Textiles 1 (2%) - 1 (1%) -
Communications 1 (2%) - 1 (1%) -
Electronics - - 1 (1%) -
Engineering - - 1 (1%) -
Food - - 1 (1%) -
Furniture - - 1 (1%) -
Media - - 1 (1%) -
Metals/Mining 1 (2%) - 1 (1%) -
Restaurants 1 (2%) - 1 (1%) -
Test/Measurement Equipment - - 1 (1%) -
Total 50 - 145 $896M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 47 (94%) - 136 (94%) 706M (79%)
  Texas 7 (14%) - 15 (10%) -
  Illinois 7 (14%) - 14 (10%) 100M (11%)
  Massachusetts 6 (12%) - 13 (9%) 60M (7%)
  California 4 (8%) - 13 (9%) 161M (18%)
  Florida 2 (4%) - 9 (6%) -
  Ohio 3 (6%) - 8 (6%) 175M (20%)
  New York 2 (4%) - 7 (5%) -
  Minnesota 2 (4%) - 6 (4%) -
  Pennsylvania 4 (8%) - 5 (3%) -
  New Jersey 1 (2%) - 5 (3%) -
  North Carolina 1 (2%) - 4 (3%) 210M (23%)
  Connecticut 1 (2%) - 4 (3%) -
  Colorado - - 4 (3%) -
  Arizona 1 (2%) - 3 (2%) -
  Wisconsin 1 (2%) - 3 (2%) -
  Tennessee - - 3 (2%) -
  Michigan 1 (2%) - 2 (1%) -
  Maryland 1 (2%) - 2 (1%) -
  Georgia 1 (2%) - 2 (1%) -
  Missouri - - 2 (1%) -
  Indiana - - 2 (1%) -
  District of Columbia 1 (2%) - 1 (1%) -
  Oklahoma 1 (2%) - 1 (1%) -
  New Hampshire - - 1 (1%) -
  Nevada - - 1 (1%) -
  Maine - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Washington - - 1 (1%) -
  Virginia - - 1 (1%) -
  South Carolina - - 1 (1%) -
  Rhode Island - - 1 (1%) -
Canada 3 (6%) - 7 (5%) 190M (21%)
  Ontario 2 (4%) - 5 (3%) 190M (21%)
  British Columbia 1 (2%) - 1 (1%) -
  Quebec - - 1 (1%) -
United Kingdom - - 2 (1%) -
Domestic 47 (94%) - 136 (94%) 706M (79%)
Cross-border 3 (6%) - 9 (6%) 190M (21%)
Total 50 - 145 $896M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 28 (56%) - 67 (46%) 261M (29%)
Buyout (LBO, MBO, MBI) 8 (16%) - 39 (27%) 385M (43%)
Recapitalization 4 (8%) - 14 (10%) 60M (7%)
Growth Capital 6 (12%) - 11 (8%) -
Divestiture 2 (4%) - 8 (6%) 190M (21%)
Consolidation 1 (2%) - 3 (2%) -
Special Situations/Distressed - - 1 (1%) -
Stake Purchase - - 1 (1%) -
Venture 1 (2%) - 1 (1%) -
Total 50 - 145 $896M

Exits by Deal Type

Type Total # Value
Secondary Sale 50 (56%) 1.5B (23%)
Trade Sale - Public Company 15 (17%) 4.8B (73%)
Trade Sale 14 (16%) 230M (4%)
Merger 5 (6%) -
Recapitalization 4 (4%) -
Bankruptcy 1 (1%) -
Stake Sale 1 (1%) -
Total 90 $6.5B

Top M&A Advisors

Financial Deals
Lincoln International
5
Harris Williams & Co.
3
Jefferies LLC
2
Legal Deals
Kirkland & Ellis LLP
58
Ropes & Gray LLP
51
Blake, Cassels & Graydon LLP
3

Deal Values

buy # Total
$100M to $1B 4 $736M
< $100M 2 $160M
TOTAL $896M
Largest Ready Mixed Concrete Co.
$210M (2004-11-09)
sell # Total
> $1B 1 $1.0B
$100M to $1B 17 $5.5B
< $100M 1 $44M
TOTAL $6.5B
Largest Lincoln Industrial Corp.
$1.0B (2010-12-01)

M&A Connections

Deals
Acquired from
Investor(s)
50%
72 (50%)
Strategic(s)
6%
9 (6%)
Exited to
Investor(s)
59%
53 (59%)
Strategic(s)
37%
33 (37%)

 Subscribe to unlock this and 185,153
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.4K Private Equity Firms
  • 176K M&A Transactions
  • 181K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 66K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.