4.3 $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.
80+
Platform
Investments
Acquisitions
350+ Add-On
Since 1999, we have invested more than $2.5 billion in over 80 platform and
350 add-on companies. Our team is led by Co-CEOs and Managing Directors
who have been together for more than 15 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
4.3 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 – $35 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
• Creative. 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
• 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.
• Strong EBITDA growth prospects
SENIOR TEAM
Geoffrey S. Rehnert
Adam A. Abramson
Donald G. Bramley
Mark D. Cordes
Oliver C. Ewald
Franklin H. Foster
• Market-leading position
• Sustainable competitive advantages
• High free cash flow conversion
• Industry structures consistent with
our “buy and build” strategy
• Multiple exit opportunities
CONTACT
Marc B. Wolpow
Audax Private Equity
2440 Sand Hill Road
www.audaxprivateequity.com
Suite 100
Menlo Park, CA 94025
p:(650)-252-0600
Jay C. Jester
John J. Mitchell
Young J. Lee
Keith R. Palumbo
Timothy S. Mack
Joseph P. Rogers, Jr.
101 Huntington Avenue
Boston, MA 02199
p:(617) 859-1500
f : (617) 859-1600
Hiren V. Mankodi
David J. Wong
BUSINESS DEVELOPMENT
Pamela F. Martin
Jay C. Jester, Managing Director
Christopher Satti, Vice President
[email protected]
[email protected]
Kevin Smith, Vice President
[email protected]
CURRENT INVESTMENTS
BUSINESS & CONSUMER SERVICES
WHEELPROS – 2014
Leading designer, marketer, and distributor of branded aftermarket
wheels, primarily for light trucks and similar vehicles.
ROUGH COUNTRY – 2012
Supplier of aftermarket suspension lift kits and components
INTEGRATED SUPPLY NETWORK – 201 1
Leading independent distributor of tools, testing equipment, and
related supplies sold into the aftermarket automotive repair industry
ADD-ON CRITERIA:
• EBITDA of any size
• Strategic fit with a platform company
– Direct competitors
– 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
PHOENIX CHILDREN’S ACADEMY – 2007
Early child care centers for children six weeks to twelve years old
AAMP OF AMERICA – 2006
Manufacturer and distributor of automotive aftermarket audio
accessories and consumer electronics integration devices
INDUSTRIALS
CHEMICALS
QUEST SPECIALTY CHEMICALS – 2011
Specialty chemical coatings manufacturer
KODA DISTRIBUTION GROUP – 2010
Distributor of specialty chemicals
INDUSTRIALS
HEALTHCARE
CHECKERS INDUSTRIAL SAFETY PRODUCTS – 2014
CHESAPEAKE IRB - 2013
Provider of independent institutional review board services
LABORIE MEDICAL TECHNOLOGIES – 2012
Provider of urodynamic testing equipment and consumables for
urinary incontinence
NUMOTION – 201 1
Leading manufacturer of branded industrial safety products including
cable protectors, wheel chocks, warning whips, and industrial signals
LUMINATOR TECHNOLOGY GROUP – 2014
Designer and manufacturer of engineered display, lighting, and
passenger communication systems
CURT MANUFACTURING - 2014
Provider of complex rehab equipment and assistive technologies
Designer, manufacturer, and distributor of towing solutions and trailer
and cargo management accessories for passenger vehicles and trucks
ADVANCED DERMATOLOGY & COSMETIC SURGERY – 201 1
PHILLIPS & TEMRO INDUSTRIES – 2012
Dermatology-focused physician practice management company
CORRECT CARE SOLUTIONS – 2010
Manufacturer of heating, cooling, and silencing products for vehicle
engines
Provider of outsourced healthcare staffing and services to local and
state correctional facilities
THALHEIMER BROTHERS – 2012
TRIDENT USA – 2008 & 2013
ELGIN FASTENER GROUP – 201 1
Provider of clinical laboratory and portable X-ray services as well as
mobile bedside imaging services
Non-ferrous scrap metal processor
Manufacturer of specialty fasteners for niche industrial end markets
ASTRODYNE – 2008
Manufacturer and distributor of power supplies and components
ENERGY
A&A MANUFACTURING – 2007
Designer and manufacturer of protective systems for machines in motion
ELGIN EQUIPMENT GROUP – 201 1
Manufacturer of material processing parts and equipment for coal, oil
and gas applications
BRIDGEPORT TANK TRUCKS – 2007
Fluid transport and disposal services and equipment rentals for oilfield
services in Texas
WINCHESTER ELECTRONICS – 2006
Designer and manufacturer of RF coaxial, board-to-board and power
interconnects, and cable assemblies
MATERIALS & BUILDING PRODUCTS
NEPTUNE-BENSON – 201 1
Provider of filtration systems and filter accessories to the recreational
aquatics industry
TECHNOLOGY, MEDIA & TELECOM
AAVID – 2012
Designer and manufacturer of thermal management solutions for highperformance applications
DATA INTENSITY – 2012
Provider of outsourced application management services
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
CHASE DOORS – 2014
Manufacturer of specialty doors for non-residential end markets.
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
Excludes four transactions not announced at the request of our management partners