M&A Deal Summary

Audax Private Equity Acquires New Story Schools

On January 1, 2019, private equity firm Audax Private Equity acquired education company New Story Schools

Acquisition Highlights
  • This is Audax Private Equity’s 3rd transaction in the Education sector.
  • This is Audax Private Equity’s 114th transaction in the United States.
  • This is Audax Private Equity’s 4th transaction in Maryland.

M&A Deal Summary
Date 2019-01-01
Target New Story Schools
Sector Education
Buyer(s) Audax Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

New Story Schools

Baltimore, Maryland, United States
New Story Schools offers integrated academic and therapeutic programming to children and young adults with autism spectrum disorder, mental illness, emotional and behavioral challenges. New Story Schools is based in Baltimore, Maryland.

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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 119 of 167
Sector (Education) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 36 of 45
State (Maryland) 4 of 4
Country (United States) 114 of 158
Year (2019) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Englert

East Brunswick, New Jersey, United States

Englert is a direct-to-consumer specialty gutters business under the LeafGuard brand name and a manufacturer and distributor of metal roofing products. Englert is based in East Brunswick, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 Techniks

Indianapolis, Indiana, United States

Techniks is a provider of aftermarket CNC tool holders, cutting tools, and work holding solutions. TTG leverages world-class domestic manufacturing capabilities, two well-regarded brands, a global high-value supply chain, R&D technologies, and a history of innovation to service an extensive network of metalworking and industrial distributors, machine OEMs and cutting tool, manufacturers.

Sell -
Mergr

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