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M&A Deal Summary

Audax Private Equity Acquires Senneca Holdings

On September 17, 2014, private equity firm Audax Private Equity acquired building materials company Senneca Holdings

Acquisition Highlights
  • This is Audax Private Equity’s 2nd transaction in the Building Materials sector.
  • This is Audax Private Equity’s 70th transaction in the United States.
  • This is Audax Private Equity’s 3rd transaction in Ohio.
Investment Fate
  • Senneca Holdings was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2014-09-17
Target Senneca Holdings
Sector Building Materials
Buyer(s) Audax Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Senneca Holdings

Cincinnati, Ohio, United States
Senneca Holdings is a manufacturer and distributor of customized doors, including traffic, corrosion resistant, PVC, strip, cold storage, fire and sliding doors. Senneca offers superior design and engineering processes, and supports the development of green product innovations. Senneca Holdings’ family of brands includes Chase, Chem-Pruf, ColdGuard, Econo Max, Eliason, Fib-R-Dor, Saino, and Simon. Senneca Holdings was founded in 1932 and is based in Cincinnati, Ohio.

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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 72 of 168
Sector (Building Materials) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 28 of 45
State (Ohio) 3 of 9
Country (United States) 70 of 159
Year (2014) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-29 Dynatect

New Berlin, Wisconsin, United States

Dynatect is a manufacturer of engineered, mission-critical components for the protection of equipment and people. Dynatect was founded in 1945 and is based in New Berlin, Wisconsin.

Sell $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-24 Magnitude Software

Austin, Texas, United States

Magnitude Software is a provider of Enterprise Information Management software driving real business results for more than 600 active enterprise clients with over 200,000 users in 100 countries. Magnitude Software offers a family of award-winning applications, from business intelligence and data warehousing to master data management, reporting, and analytics. Magnitude Software was founded in 2014 and is based in Austin, Texas.

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