M&A Deal Summary

Audax Private Equity Acquires Total PowerGen Solutions

On September 10, 2024, private equity firm Audax Private Equity acquired electrical equipment company Total PowerGen Solutions from Trivest Partners

Acquisition Highlights
  • This is Audax Private Equity’s 7th transaction in the Electrical Equipment sector.
  • This is Audax Private Equity’s 7th transaction in Canada.
  • This is Audax Private Equity’s 5th transaction in Ontario.

M&A Deal Summary

Date 2024-09-10
Target Total PowerGen Solutions
Sector Electrical Equipment
Buyer(s) Audax Private Equity
Sellers(s) Trivest Partners
Deal Type Secondary Buyout

Target

Total PowerGen Solutions

Mississauga, Ontario, Canada
Total PowerGen Solutions is a provider of commercial and industrial powergen solutions that fully complements maintenance and repair services, rentals, and equipment sales for standby, mobile, and prime power generator systems and other power quality and continuity equipment ranging from 10kW to 2,000kW and beyond. Total Power was founded in 1959 and is based in Mississauga, Ontario.

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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 167 of 167
Sector (Electrical Equipment) 7 of 7
Type (Secondary Buyout) 72 of 72
State (Ontario) 5 of 5
Country (Canada) 7 of 7
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-20 United Urology Group

Owings Mills, Maryland, United States

United Urology Group is a urology physician practice management company with clinical offices and ambulatory surgical centers that provide general urologic care and ancillary service lines including surgical centers, pharmacy, radiation therapy, and a pathology lab. United Urology Group was founded in 2006 and is based in Owings Mills, Maryland.

Sell -

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 37 of 38
Sector (Electrical Equipment) 2 of 2
Type (Secondary Buyout) 18 of 18
State (Ontario) 4 of 4
Country (Canada) 4 of 4
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Novatech

Nashville, Tennessee, United States

Novatech is a provider of business technology solutions to small and medium businesses, as well as Fortune 1000 and government customers. Novatech's product and service offerings include managed print and IT services, multifunction devices, production printers, wide format printers, document solutions, and 3D Printing, scanning and prototyping solutions. Novatech is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 BCC Engineering

Miami, Florida, United States

BCC Engineering is a full-service engineering firm that provides planning, design and management services for transportation, civil and structural related engineering projects in Florida. BCC Engineering is headquartered in Miami, Florida.

Sell $230M