Consolidation • Engineering

Audax Private Equity Acquires nash_elmo Holding

On January 1, 2002, private equity firm Audax Private Equity acquired engineering company nash_elmo Holding

Acquisition Context
  • This is Audax Private Equity’s 1st transaction in the Engineering sector.
  • This is Audax Private Equity’s 2nd transaction in the United States.
  • This is Audax Private Equity’s 1st transaction in Connecticut.
Investment Fate
  • nash_elmo Holding was sold to a publicly-traded strategic buyer in 2004 for 224M USD.

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M&A Deal Summary

Date January 1, 2002
Target nash_elmo Holding
Sector Engineering
Buyer(s) Audax Private Equity
Deal Type Consolidation

Target Company

nash_elmo Holding

Trumbull, Connecticut, United States
The Nash Engineering Company, a family-owned company based in Trumbull, CT, and elmo vacuum technology GmbH, a division of Siemens AG based in Nuremberg, Germany. The transaction creates a global organization with more than 200 years of combined operating history. The company?s products include liquid ring vacuum pumps, side channel blowers, and a variety of other pumps, compressors, and industrial equipment.
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Buyer Overview 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 Context for Buyer #
Overall 2 of 170
Sector: Engineering 1 of 1
Type: Consolidation 1 of 5
State: Connecticut 1 of 4
Country: United States 2 of 161
Year: 2002 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-05 Artisan Entertainment

Santa Monica, California, United States

Artisan was a leading independent film production and distribution company with one of the largest video film libraries in its industry. Artisan operated out of offices in Santa Monica, California and its headquarters in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-18 Fibersense Technology

Canton, Massachusetts, United States

Fibersense Technology Corp., is a designer and manufacturer of fiber optic gyroscope-based navigation systems.

Sell $44M