M&A Deal Summary

Audax Private Equity Acquires EIS

On August 16, 2019, private equity firm Audax Private Equity acquired distribution company EIS from Genuine Parts

Acquisition Highlights
  • This is Audax Private Equity’s 11th transaction in the Distribution sector.
  • This is Audax Private Equity’s 122nd transaction in the United States.
  • This is Audax Private Equity’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2019-08-16
Target EIS
Sector Distribution
Buyer(s) Audax Private Equity
Sellers(s) Genuine Parts
Deal Type Divestiture

Target

EIS

Atlanta, Georgia, United States
EIS' headquarters in Atlanta, Georgia.
EIS' headquarters in Atlanta, Georgia.
EIS is a distributor, fabricator, and converter of electrical process materials, wire, cable, and assemblies serving end-user segments in electrical power and related markets. It provides more than 100,000 products from 38 branches and four fabrication facilities to more than 20,000 customers across North America. EIS was founded in 1946 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

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 127 of 167
Sector (Distribution) 11 of 13
Type (Divestiture) 8 of 9
State (Georgia) 2 of 4
Country (United States) 122 of 158
Year (2019) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-15 CORE Institute

Phoenix, Arizona, United States

CORE Institute is a provider of healthcare solutions, care redesign, and service line management for musculoskeletal medical practices. The company was founded to fulfill a vision of excellence in patient care encompassing the entire spectrum of orthopedic and neurosciences care. CORE Institute was founded in 2005 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Compassus

Brentwood, Tennessee, United States

Compassus is an independent provider of hospice services in the United States. Compassus cares for its patients through over 135 locations in 29 states across the U.S., serving them wherever they call home (primarily homes, nursing homes, and assisted living facilities.) Compassus plays a key part in patients’ lives as they transition from acute to non-curative, post-acute care settings, and seeks to provide timely quality care, pain and symptom management, and emotional support through leveraging interdisciplinary care teams and data-driven insights. Compassus was founded in 1979 and is based in Brentwood, Tennessee.

Sell -

Seller(S) 1

SELLER

Genuine Parts

Atlanta, Georgia, United States
Category Company
Founded 1928
Sector Automotive
Employees60,000
Revenue 23.1B USD (2023)
DESCRIPTION
Genuine Parts' corporate headquarters in Atlanta, Georgia.
Genuine Parts' corporate headquarters in Atlanta, Georgia.

Genuine Parts is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Company products and services are offered through a network of over 2,000 operations, geographically located across the United States, Canada and Mexico. Genuine Parts was founded in 1928 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 3
Sector (Distribution) 2 of 3
Type (Divestiture) 1 of 2
State (Georgia) 2 of 3
Country (United States) 2 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Axis New England

Danvers, Massachusetts, United States

Axis New England is an automation and robotics company with expertise in advanced machine automation. Additionally, the company sells related component parts and systems as well as engineered systems, primarily serving the northeast U.S. from its Danvers facility and a second location in Rochester, New York (Axis New York). Axis New England, founded in 1994 and based in Danvers, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Lausan

Bilbao , Spain

Lausan is a distributor of automotive aftermarket parts in Spain and Portugal, which represent the 5th largest car park in Europe. Lausan serves its customers from an established network, including one national distribution center, nine regional hubs, and 37 stores. Lausan was founded in 1953 and is based in Bilbao, Spain.

Buy -
Mergr

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