M&A Deal Summary

Gemspring Capital and Audax Private Debt Acquire Amplix

On December 13, 2022, private equity firm Gemspring Capital and mezzanine finance firm Audax Private Debt acquired information technology company Amplix

Acquisition Highlights
  • This is Gemspring Capital’s 3rd and Audax Private Debt’s 8th transaction in the Information Technology sector.
  • This is Gemspring Capital’s 24th and Audax Private Debt’s 94th transaction in the United States.
  • This is Gemspring Capital’s 1st and Audax Private Debt’s 7th transaction in Massachusetts.

M&A Deal Summary

Date 2022-12-13
Target Amplix
Sector Information Technology
Buyer(s) Gemspring Capital
Audax Private Debt
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Bank Street (Financial)
Nixon Peabody (Legal)

Target

Amplix

Norwood, Massachusetts, United States
Amplix is a provider of technology advisory services and software to more than 2,000 customers across multiple industries, enabling data-driven enhancements to technology decision-making and optimization. The company's advisory services encompass data connectivity, cloud telephony, customer experience, security and managed services, business continuity, cloud optimization, and data center solutions. Amplix was founded in 2011 and is based in Norwood, Massachusetts.

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Buyer(S) 2

Buyer

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 24 of 39
Sector: Information Technology M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 13
State: Massachusetts M&A 1 of 2
Country: United States M&A 24 of 38
Year: 2022 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 ROR Partners

Las Vegas, Nevada, United States

ROR Partners is a tech-enabled provider of omni-channel marketing services to location-based businesses in the US. ROR Partners is headquartered in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Sparkstone Electrical Group

Addison, Illinois, United States

Sparkstone Electrical Group is a manufacturer of custom‐engineered electrical power distribution equipment, including switchgear, switchboards and panelboards. Sparkstone Electrical Group was founded in 1936 and is based in Addison, Illinois.

Buy -
Buyer

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 96 of 120
Sector: Information Technology M&A 8 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 25 of 27
State: Massachusetts M&A 7 of 8
Country: United States M&A 94 of 118
Year: 2022 M&A 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Quality Valve

Mobile, Alabama, United States

Quality Valve is a distributor of OEM replacement parts for safety and relief valves repair companies. The company utilizes its significant product knowledge, industry-leading selection of parts and quick-turn capabilities to help customers react to valve repairs and ensure safety for end-users around world. Quality Valve was founded in 1994 and is based in Mobile, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 A1 Garage Door Service

Phoenix, Arizona, United States

A1 Garage Door Service is a provider of residential repair and replacement garage door services. A1 Garage Door Service was founded in 2007 and is based in Phoenix, Arizona.

Buy -