M&A Deal Summary

American Industrial Partners Acquires RelaDyne

On December 23, 2021, private equity firm American Industrial Partners acquired distribution company RelaDyne from Audax Private Equity

Acquisition Highlights
  • This is American Industrial Partners’ 1st transaction in the Distribution sector.
  • This is American Industrial Partners’ 40th transaction in the United States.
  • This is American Industrial Partners’ 4th transaction in Ohio.

M&A Deal Summary
Date 2021-12-23
Target RelaDyne
Sector Distribution
Buyer(s) American Industrial Partners
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc.
Stephens Investment Banking (Financial)

Target

RelaDyne

Cincinnati, Ohio, United States
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

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 46 of 53
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 7 of 7
State (Ohio) 4 of 5
Country (United States) 40 of 46
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 AHF Products

Mountville, Pennsylvania, United States

AHF Products manufactures solid and engineered hardwood flooring products that are sold through full-line flooring distributors, big-box home centers, national flooring retailers, and hardwood specialty distributors under the well-known brand names of Armstrong, Bruce, Capella, Homerwood, Robbins, and T. Morton. AHF Products was founded in 2019 and is based in Mountville, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Strike

The Woodlands, Texas, United States

Strike is a privately-held pipeline, facilities, and energy infrastructure solutions, provider. Strike delivers a full range of integrated engineering, construction, maintenance, integrity, and specialty services that span the entire oil and gas lifecycle. Strike is based in The Woodlands, Texas.

Buy -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B 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 87 of 102
Sector (Distribution) 9 of 9
Type (Secondary Buyout) 50 of 55
State (Ohio) 5 of 6
Country (United States) 83 of 97
Year (2021) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 MNX Global Logistics

Long Beach, California, United States

MNX Global Logistics is a provider of express, supply chain, and freight services to customers primarily in the life sciences, entertainment, and aviation industries. MNX Global Logistics was founded in 1983 and is based in Long Beach, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Ezurio

Akron, Ohio, United States

Ezurio provides wireless connectivity with market-leading RF modules, internal antennas, IoT devices, and custom wireless solutions. Ezurio is based in Akron, Ohio.

Buy -
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