M&A Deal Summary

Searchlight Capital Partners Acquires EIS

On November 12, 2024, private equity firm Searchlight Capital Partners acquired distribution company EIS from Audax Private Equity

Acquisition Highlights
  • This is Searchlight Capital Partners’ 1st transaction in the Distribution sector.
  • This is Searchlight Capital Partners’ 23rd transaction in the United States.
  • This is Searchlight Capital Partners’ 2nd transaction in Georgia.

M&A Deal Summary

Date 2024-11-12
Target EIS
Sector Distribution
Buyer(s) Searchlight Capital Partners
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

EIS

Atlanta, Georgia, United States
EIS' headquarters in Atlanta, Georgia.
EIS' headquarters in Atlanta, Georgia.
EIS is a distributor, fabricator, and converter of electrical process materials, wire, cable, and assemblies serving end-user segments in electrical power and related markets. EIS was founded in 1946 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in New York, London, and Toronto.


DEAL STATS #
Overall 41 of 42
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 8
State: Georgia M&A 2 of 2
Country: United States M&A 23 of 24
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Ziply Fiber

Everett, Washington, United States

Ziply Fiber is a telecommunications network business comprises a network that passes 1.7 million residential and business locations, of which approximately 500,000 are fiber-to-the-premises capable. Ziply Fiber is based in Everett, Washington.

Sell CA$5.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-14 Chord Music Partners

New York, New York, United States

Chord Music Partners is an independent music rights platform that combines institutional capital with global operational scale and active rights management. The platform’s growing portfolio includes works by some of the most influential artists in music, including The Weeknd, Lorde, David Guetta, and Morgan Wallen, demonstrating its focus on culturally relevant, high-performing intellectual property across genres and geographies. Chord Music Partners is based in New York, New York.

Buy -

Seller(S) 1

SELLER

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 103 of 110
Sector: Distribution M&A 10 of 10
Type: Secondary Buyout M&A Deals 56 of 62
State: Georgia M&A 2 of 2
Country: United States M&A 98 of 104
Year: 2024 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 Proud Moments

Brooklyn, New York, United States

Proud Moments provides care to all children diagnosed with Autism Spectrum Disorders while allowing their families the ability to affect positive change in their family dynamics. Proud Moments was founded in 2014 and is based in Brooklyn, New York.

Sell -