M&A Deal Summary

Audax Private Equity Acquires GCG

On January 1, 2021, private equity firm Audax Private Equity acquired distribution company GCG

Acquisition Highlights
  • This is Audax Private Equity’s 12th transaction in the Distribution sector.
  • This is Audax Private Equity’s 132nd transaction in the United States.
  • This is Audax Private Equity’s 13th transaction in Illinois.

M&A Deal Summary

Date 2021-01-01
Target GCG
Sector Distribution
Buyer(s) Audax Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

GCG

Chicago, Illinois, United States
GCG is a major value-added distributor of wire, cable, and related products to a variety of niche markets through well-known brands for the following segments Telecom/Broadband, Factory Automation, Naval and Ship-Building, Rail/Transit and Building Automation. GCG is based in Chicago, Illinois.

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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 137 of 170
Sector: Distribution M&A 12 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 41 of 46
State: Illinois M&A 13 of 16
Country: United States M&A 132 of 161
Year: 2021 M&A 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Protective Industrial Products

Latham, New York, United States

Protective Industrial Products is a provider of consumable personal protective equipment (PPE). Protective Industrial Products was established in 1984 and is headquartered in Latham, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Statlab Medical Products

McKinney, Texas, United States

Statlab Medical Products is a developer and manufacturer of cost-effective histology, cytology, and immunohistochemistry diagnostic supplies. StatLab offers 1,750 of the most commonly purchased diagnostic supplies used by independent and hospital-based anatomic pathology laboratories. Statlab Medical Products was founded in 1976 and is based in McKinney, Texas.

Buy -