M&A Deal Summary

Audax Private Equity Acquires Nextech

On January 1, 2020, private equity firm Audax Private Equity acquired business services company Nextech

Acquisition Highlights
  • This is Audax Private Equity’s 9th transaction in the Business Services sector.
  • This is Audax Private Equity’s 125th transaction in the United States.
  • This is Audax Private Equity’s 8th transaction in Florida.

M&A Deal Summary
Date 2020-01-01
Target Nextech
Sector Business Services
Buyer(s) Audax Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Nextech

Melbourne, Florida, United States
Nextech is a provider of commercial HVAC repair, maintenance, and installation services. Nextech was founded in 1992 and is based in Melbourne, Florida.

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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 130 of 167
Sector (Business Services) 9 of 11
Type (Buyout (LBO, MBO, MBI)) 38 of 45
State (Florida) 8 of 11
Country (United States) 125 of 158
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Panoramic Health

Tempe, Arizona, United States

Panoramic Health is a kidney care physician practice management business with an emphasis on value-based care. Panoramic Health was founded in 2017 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Kofile

Dallas, Texas, United States

Kofile is a provider of information management and access systems solutions for government agencies nationwide. Kofile provides restoration, preservation, and digitization services for critical government records, as well as cloud-native software solutions for digital records management and citizen engagement. Kofile was founded in 2009 and headquartered in Dallas, Texas.

Buy -
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