Investment Summary

Audax Private Equity Invests In Oakbridge

On September 26, 2023, private equity firm Audax Private Equity invested in insurance company Oakbridge

Investment Highlights
  • This is Audax Private Equity’s 1st transaction in the Insurance sector.
  • This is Audax Private Equity’s 156th transaction in the United States.
  • This is Audax Private Equity’s 4th transaction in Georgia.

Investment Summary
Date 2023-09-26
Target Oakbridge
Sector Insurance
Investor(s) Audax Private Equity
Deal Type Growth Capital
Advisor(s) Morgan Stanley
Piper Sandler & Co. (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Oakbridge

Atlanta, Georgia, United States
Oakbridge is an independent insurance and risk management agency, focused on commercial P&C, employee benefits, surety, personal P&C, and risk management services. Oakbridge is based in Atlanta, Georgia.

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Investor(S) 1

Investor

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 164 of 167
Sector (Insurance) 1 of 1
Type (Growth Capital) 17 of 18
State (Georgia) 4 of 4
Country (United States) 156 of 158
Year (2023) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Elgin Fastener Group

Wheeling, Illinois, United States

Elgin Fastener Group is a manufacturer of short-run, high-quality specialty fasteners for a diverse range of niche industrial end markets. Elgin Fastener Group was founded in 2002 and is based in Wheeling, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Meridian Programs

New Brighton, Minnesota, United States

Meridian Programs is a provider of addiction treatment services at residential and outpatient facilities. Meridian Programs is based in New Brighton, Minnesota.

Sell -
Mergr

Product

Company

Legal