3.9 $1.25B - Audax Private Equity

QUICK LOOK:
Audax Private Equity partners with management teams of established,
market-leading companies with the vision and desire to create much larger
entities through acquisition and organic growth. Audax’ proven “buy and build”
approach supports our management partners in executing add-on acquisitions,
accelerating growth, and optimizing overall company operations to significantly
increase equity value.
75+
Platform
Investments
Acquisitions
300+ Add-On
Since 1999, we have invested more than $2.5 billion in over 75 platform and
300 add-on companies. Our team is led by Co-CEOs and Managing Directors
who have been together for more than 10 years. We have a dedicated team
of 50 investment, transaction, and operations professionals delivering the
expertise and experience necessary to build companies of substantial value.
Add-ons
Per Platform
3.9 Average
IV
Closed
$1.25B Fund
Working with our management partners, we have repeatedly transformed
market leaders into appreciably larger, better-positioned, and more
valuable companies.
We are collaborative, committed, team-oriented partners who pride
ourselves on being responsive and thoughtful. We bring the resources necessary
to support execution.
PLATFORM CRITERIA:
• $5 – $30 million in EBITDA
• Flexible. We structure transactions for sellers whether they are owners
staying with the business, owners seeking to transition out of the business,
corporations divesting assets, or other financial sponsors seeking an exit.
• Enterprise value of $50 million to
$250 million
•C
reative. We accelerate organic growth within our platform investments
with add-on acquisitions. Some companies have acquisition pipelines,
while others need assistance in developing strategy, identifying and
sourcing acquisitions, and/or integrating and maximizing the value of
acquisitions.
• Proven management
• Market-leading position
• Sustainable competitive advantages
• High free cash flow conversion
• Strong EBITDA growth prospects
• Focused. We work in teams, allowing us to move quickly through the
transaction process and to support management partners during ownership.
Each investment has a team of professionals who work closely with our
management executives to provide access to internal resources and external
relationships.
SENIOR TEAM
• Industry structures consistent with
our “buy and build” strategy
• Multiple exit opportunities
CONTACT
Geoffrey S. Rehnert
Marc B. Wolpow
Audax Private Equity
Adam A. Abramson
Jay C. Jester
John J. Mitchell
Donald G. Bramley
Young J. Lee
Keith R. Palumbo
Mark D. Cordes
Hiren V. Mankodi
Joseph P. Rogers, Jr.
Oliver C. Ewald
Pamela F. Martin
101 Huntington Avenue
Boston, MA 02199
p:(617) 859-1500
f : (617) 859-1600
2440 Sand Hill Road
www.audaxprivateequity.com
Suite 100
Menlo Park, CA 94025
p:(650)-252-0600
BUSINESS DEVELOPMENT
Jay C. Jester, Managing Director
Christopher Satti, Vice President
[email protected]
[email protected]
CURRENT INVESTMENTS
BUSINESS & CONSUMER SERVICES
WHEELPROS – 2014
ADD-ON CRITERIA:
Leading designer, marketer, and distributor of branded aftermarket
wheels, primarily for light trucks and similar vehicles.
• EBITDA of any size
ROUGH COUNTRY – 2012
• Strategic fit with a platform company
Supplier of aftermarket suspension lift kits and components
INTEGRATED SUPPLY NETWORK – 201 1
– Direct competitors
Leading independent distributor of tools, testing equipment, and
related supplies sold into the aftermarket automotive repair industry
– Complementary products / services
COZZINI BROS – 2010
– O
verlapping customers / channel
relationships
IN THE SWIM – 2008
– Indirect competitors in adjacent markets
Provider of knife sharpening and rental services to the foodservice
industry
Multi-channel direct marketer of swimming pool supplies and
equipment
UNITED RECOVERY SYSTEMS – 2008
Third-party contingency debt collection services
US SECURITY ASSOCIATES – 2008
Provider of private security and risk mitigation services
HEALTHCARE
PHOENIX CHILDREN’S ACADEMY – 2007
CHESAPEAKE IRB - 2013
Early child care centers for children six weeks to twelve years old
Provider of independent institutional review board services
AAMP OF AMERICA – 2006
LABORIE MEDICAL TECHNOLOGIES – 2012
Manufacturer and distributor of automotive aftermarket audio
accessories and consumer electronics integration devices
Provider of urodynamic testing equipment and consumables for
urinary incontinence
NUMOTION – 201 1
Provider of complex rehab equipment and assistive technologies
ADVANCED DERMATOLOGY & COSMETIC SURGERY – 201 1
Dermatology-focused physician practice management company
INDUSTRIALS
CORRECT CARE SOLUTIONS – 2010
Provider of outsourced healthcare staffing and services to local and
state correctional facilities
CHEMICALS
QUEST SPECIALTY CHEMICALS – 2011
TRIDENT USA – 2008 & 2013
Specialty chemical coatings manufacturer
Provider of clinical laboratory and portable X-ray services as well as
mobile bedside imaging services
KODA DISTRIBUTION GROUP – 2010
Distributor of specialty chemicals
INDUSTRIALS
LUMINATOR TECHNOLOGY GROUP – 2014
Designer and manufacturer of engineered display, lighting, and
passenger communication systems
ENERGY
CURT MANUFACTURING - 2014
ELGIN EQUIPMENT GROUP – 201 1
PHILLIPS & TEMRO INDUSTRIES – 2012
DISTRIBUTION INTERNATIONAL – 2010
Designer, manufacturer, and distributor of towing solutions and trailer
and cargo management accessories for passenger vehicles and trucks
Manufacturer of heating, cooling, and silencing products for vehicle
engines
Manufacturer of material processing parts and equipment for coal, oil
and gas applications
Distributor of insulation and specialty fabricated products
BRIDGEPORT TANK TRUCKS – 2007
Fluid transport and disposal services and equipment rentals for oilfield
services in Texas
THALHEIMER BROTHERS – 2012
Non-ferrous scrap metal processor
ELGIN FASTENER GROUP – 201 1
Manufacturer of specialty fasteners for niche industrial end markets
ASTRODYNE – 2008
Manufacturer and distributor of power supplies and components
A&A MANUFACTURING – 2007
Designer and manufacturer of protective systems for machines in motion
WINCHESTER ELECTRONICS – 2006
Designer and manufacturer of RF coaxial, board-to-board and power
interconnects, and cable assemblies
MATERIALS & BUILDING PRODUCTS
TRI-ED – 2012
Distributor of low-voltage electronic security products
TECHNOLOGY, MEDIA & TELECOM
AAVID – 2012
Designer and manufacturer of thermal management solutions for highperformance applications
DATA INTENSITY – 2012
Provider of outsourced application management services
ROGUE WAVE – 2012
Provider of C++ focused application development tools and libraries
FLEXSTAR TECHNOLOGY – 2006
Provider of data storage testing solutions for data storage
manufacturers and PC OEMs
NEPTUNE-BENSON – 201 1
Provider of filtration systems and filter accessories to the recreational
aquatics industry
AFFORDABLE INTERIOR SYSTEMS – 2007
Manufacturer of high quality, value-priced office systems furniture
RESA POWER SOLUTIONS – 2014
Provider of life extension solutions for electrical distribution and
control equipment
Excludes four transactions not announced at the request of our management partners