M&A Deal Summary

Audax Private Equity Acquires Solve Industrial Motion Group

On July 8, 2021, private equity firm Audax Private Equity acquired manufacturer Solve Industrial Motion Group from Incline Equity Partners

Acquisition Highlights
  • This is Audax Private Equity’s 7th transaction in the Manufacturing sector.
  • This is Audax Private Equity’s 134th transaction in the United States.
  • This is Audax Private Equity’s 4th transaction in North Carolina.

M&A Deal Summary

Date 2021-07-08
Target Solve Industrial Motion Group
Sector Manufacturing
Buyer(s) Audax Private Equity
Sellers(s) Incline Equity Partners
Deal Type Secondary Buyout

Target

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.

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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 139 of 167
Sector (Manufacturing) 7 of 9
Type (Secondary Buyout) 60 of 72
State (North Carolina) 4 of 4
Country (United States) 134 of 158
Year (2021) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Flashpoint

Washington, District of Columbia, United States

Flashpoint is a provider of risk intelligence for organizations from bolstering cyber and physical security, to detecting fraud and insider threats. Flashpoint is based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.


DEAL STATS #
Overall 35 of 39
Sector (Manufacturing) 3 of 4
Type (Secondary Buyout) 20 of 24
State (North Carolina) 2 of 2
Country (United States) 34 of 38
Year (2021) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Starwest Botanicals

Sacramento, California, United States

Starwest Botanicals is a supplier of organic herbs in the United States, with over 150,000 sq. ft. of modern warehouse and production space and over one million pounds of herbs and spices in stock and available retail, wholesale, or in large quantities to commercial clients. Starwest Botanicals was formed in 1975 and is based in Sacramento, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Edko

Bossier City, Louisiana, United States

Edko assists its customers in planning and implementing comprehensive and effective herbicide-based treatment programs that are both environmentally friendly and cost-efficient. The Company currently operates 14 branch locations serving 25 states. Edko is headquartered in Bossier City, Louisiana.

Buy -