M&A Deal Summary

Audax Private Equity Acquires Krayden

On April 5, 2023, private equity firm Audax Private Equity acquired distribution company Krayden from Quad-C Management

Acquisition Highlights
  • This is Audax Private Equity’s 13th transaction in the Distribution sector.
  • This is Audax Private Equity’s 153rd transaction in the United States.
  • This is Audax Private Equity’s 5th transaction in Colorado.

M&A Deal Summary
Date 2023-04-05
Target Krayden
Sector Distribution
Buyer(s) Audax Private Equity
Sellers(s) Quad-C Management
Deal Type Secondary Buyout

Target

Krayden

Denver, Colorado, United States
Krayden is a value-added distributor of specialty adhesives, sealants and coatings used in a broad range of applications across the aerospace, electronics, transportation and general industrial end markets. Krayden was founded in 1989 and is based in Denver, Colorado.

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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 161 of 167
Sector (Distribution) 13 of 13
Type (Secondary Buyout) 71 of 72
State (Colorado) 5 of 5
Country (United States) 153 of 158
Year (2023) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Mosaic Dental Collective

Vancouver, Washington, United States

Mosaic Dental Collective is a dental services organization (DSO) managing practices across general dentistry, periodontics, orthodontics, endodontics, prosthodontics, and oral surgery. Mosaic Dental Collective was founded in 2021 and is based in Vancouver, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-18 Pyramid Laboratories

Costa Mesa, California, United States

Pyramid Laboratories is a drug-product contract development and manufacturing organization (CDMO) that provides formulation development, analytical and stability testing, and aseptic fill-finish manufacturing services focused on large-molecule therapeutics. Pyramid Laboratories was founded in 1988 and is based in Costa Mesa, California.

Buy -

Seller(S) 1

SELLER

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.

DEAL STATS #
Overall 45 of 47
Sector (Distribution) 4 of 5
Type (Secondary Buyout) 26 of 27
State (Colorado) 4 of 4
Country (United States) 40 of 42
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-20 QED Technologies

Rochester, New York, United States

QED Technologies serves the global precision optics industry with solutions for high-performance polishing and metrology on the most demanding surfaces and materials. QED systems are utilized by the smallest to largest manufacturers supplying the semiconductor, military, space, R&D, imaging, and other industries. Its contract manufacturing group, QED Optics, is the industry’s go-to resource for a combination of large, challenging, or highly precise optical components that most other manufacturers cannot produce. QED Technologies was formed in 1996 and is based in Rochester, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-08 Legacy Food Group

United States

Legacy Food Group is a food service distribution company with numerous operating divisions, primarily along the East Coast.

Buy -
Mergr

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