Buyout (LBO, MBO, MBI) • Electrical Equipment

Audax Private Equity Acquires S.J. Electro Systems

On June 28, 2021, private equity firm Audax Private Equity acquired electrical equipment company S.J. Electro Systems

Acquisition Context
  • This is Audax Private Equity’s 6th transaction in the Electrical Equipment sector.
  • This is Audax Private Equity’s 135th transaction in the United States.
  • This is Audax Private Equity’s 6th transaction in Minnesota.

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M&A Deal Summary

Date June 28, 2021
Target S.J. Electro Systems
Sector Electrical Equipment
Buyer(s) Audax Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Chartwell (Financial)

Target Company

S.J. Electro Systems

Detroit Lakes, Minnesota, United States
S.J. Electro Systems is a manufacturer of control solutions for the water and wastewater industry. SJE’s control solutions platform includes three trusted brands: CSI Controls, PRIMEX, and SJE Rhombus. S.J. Electro Systems was founded in 1975 and is based in Detroit Lakes, Minnesota.
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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 140 of 170
Sector: Electrical Equipment 6 of 7
Type: Buyout (LBO, MBO, MBI) 42 of 46
State: Minnesota 6 of 6
Country: United States 135 of 161
Year: 2021 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Alliance Ground International

Miami, Florida, United States

Alliance Ground International is a North American provider of specialized air cargo and ramp handling services to the aviation industry. The company provides on-airport handling, warehousing, cold storage, pallet buildup/breakdown, mail sorting, and aircraft loading and unloading services to over 80 air carrier customers from its strategic operating footprint of 33 facilities at 21 airports across the United States. Alliance Ground International was founded in 1987 and is headquartered in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Solve Industrial Motion Group

Charlotte, North Carolina, United States

Solve Industrial Motion Group is a provider of metric and American standard power transmission products including ball bearings, mounted bearings, linear bearings, bearing housings and a variety of roller chain and belt drive components. Solve Industrial Motion Group was founded in 1994 and is based in Charlotte, North Carolina.

Buy -