Latest news with #Audax
Business Wire
4 hours ago
- Business
- Business Wire
Audax Private Equity Announces Sale of Trexon
BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Audax Private Equity ('Audax'), a capital partner for middle and lower middle market companies, announced today it has agreed to the sale of Trexon ('The Company'), a designer and manufacturer of custom interconnect solutions for mission critical applications. The sale to Amphenol Corporation (NYSE: APH) is subject to customary closing conditions and expected to close in the fourth quarter of 2025. Headquartered in Boston, MA, with 1,100 employees globally, Trexon delivers custom-engineered interconnect solutions, including specialty cable, cable assemblies and connectors, across a range of applications for the defense, space, and other specialty end markets. A critical partner to blue chip customers in these important segments, Trexon provides differentiated technical expertise and engineering capabilities, making the Company a partner of choice for high-reliability, customized interconnect solutions. 'On behalf of the entire team at Trexon, we want to thank Audax Private Equity for their support, collaboration, and partnership,' said Mark Twaalfhoven, Chief Executive Officer, of Trexon. 'This sale marks the culmination of significant growth and transformation for Trexon under Audax, including investments in our team and facilities, strategic efforts to focus on our core competencies, and the expansion of our product and capability set organically and through acquisition. We're truly excited to continue our journey of growth as part of the Amphenol family.' In 2021, Audax oversaw the formation of the Trexon platform, bringing together several interconnect businesses under a single corporate brand. Since that time, Audax supported the platform through 11 add-on acquisitions that, along with organic growth initiatives, saw the Company significantly expand its capacity, while deepening its presence in defense and space end-markets. Through this process Trexon established itself as a pure-play provider of engineered, high-reliability custom interconnect solutions for defense, space, and other specialty end-markets. 'We're incredibly proud of our partnership with Mark, the broader management team, and the employees at Trexon, for their accomplishments and what we believe to be a tremendous outcome for the Company and our investors,' noted Don Bramley, a Partner at Audax Private Equity. 'We want to thank Mark and the entire team at Trexon for their commitment and drive, and wish them well as they look to build upon their success as part of Amphenol.' 'We think our success with Trexon demonstrates Audax' value creation strategy and the operational capabilities of our strategic resources and portfolio support groups,' added Tim Porter, a Managing Director at Audax. 'Executing on our value agenda in collaboration with Mark, we were able to recruit an incredibly talented management team, position Trexon as a stand-alone business, and add capacity and complementary capabilities through organic initiatives and acquisitions.' Over the past 12 months, Audax has now announced or completed four exits out of its Industrial Services & Technologies specialization, including previously announced sales of EIS, Liquid Environmental Solutions, and Thermogenics (an Origins Fund investment). Since August 1, 2024, Audax has agreed to or completed 11 exits across its Flagship and Origins strategies. William Blair & Company L.L.C. and Guggenheim Securities L.L.C. acted as financial advisors to the sellers, while Kirkland & Ellis LLP and Fredrikson & Byron served as legal counsel. AUDAX PRIVATE EQUITY: Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of March 2025, over 290 employees, and 100-plus investment professionals, Audax has invested in over 175 platforms and more than 1,400 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations, and significantly increasing equity value. For more information, visit or follow us on LinkedIn.
Yahoo
a day ago
- Sport
- Yahoo
🚨Confirmed line-ups: La U face a crucial clash against Audax
Today, the university team will host Audax at home to keep up with Coquimbo the match will have all the excitement because in the Italian team is Eduardo Vargas, who has a history with U. and was very close to joining this winter. Confirmed Lineups This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 JAVIER TORRES - AFP or licensors
Time of India
31-07-2025
- Sport
- Time of India
Nirmiti Kendra manager all set to ride 1,540km in UK cycling event
Pic: Timmesh Kumar Sampalli, cyclist and project director at Haveri Jilla Nirmiti Kendra Haveri: Timmesh Kumar Sampalli, project director at Haveri Jilla Nirmiti Kendra, is set to participate in a 1,540 km cycling race organised by Audax United Kingdom from Aug 3 to 8. Tired of too many ads? go ad free now Amongst 2,400 international participants, India has 186 representatives, with 48 from Karnataka. Timmesh stands as the lone participant from Haveri Cycle Club, facing a 128-hour completion deadline. Of the Karnataka contingent, 6 cyclists represent North Karnataka. Recognising the formidable task of covering 1,540 km within 128 hours, Timmesh Kumar detailed his extensive preparation spanning a year. His training regimen included progressive distances of 100, 200, 300, and 1,000 km, building towards the 1,500 km target. His training in Jammu & Kashmir's climate, while different from England's conditions, enhanced his readiness. Throughout his eight-year cycling journey, Timmesh Kumar balanced numerous cycling expeditions with his professional responsibilities. A civil engineer by qualification, he works as a project director at Jilla Nirmithi Kendra Haveri. His notable achievements include completing routes from Dharwad to Dhanushkodi (1,100 km), Hubballi to Mysuru and back (1,000 km), and Delhi to Kashmir's Lal Chowk (840 km). In 2019, he participated in Guinness World Records representing Hubballi Bicycle Club. He now prepares for his overseas challenge. "Cycling is my hobby. I was peddling for years and participated in many expeditions, and completed them successfully. I have been balancing my hobby and profession for the last 8 years with the support of officers and family members. I am happy with peddling and I especially enjoy solo rides," said Timmesh Kumar. Tired of too many ads? go ad free now He expressed confidence in completing the 1,540 km ride within the stipulated time in the UK competition. Arvind Mulimani from Haveri Cycle Club commended Timmesh Kumar's dedication and cycling proficiency. "We wish him success in the Audax United Kingdom cycling competition, and we hope he will succeed," Arvind stated, acknowledging Timmesh's role as a cycling mentor in Haveri.
Business Wire
28-07-2025
- Business
- Business Wire
Audax Private Equity Completes Exit of Stout
BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Audax Private Equity ('Audax'), a capital partner for middle and lower middle market companies, announced today that it has completed the sale of Stout, a global advisory firm. New York-based Integrum Holdings LP acquired Stout through the transaction, the terms of which were not disclosed. The sale was completed on July 16, 2025. Headquartered in Chicago with over 1,000 employees across North America, Asia, and Europe, Stout is a global advisory firm specializing in corporate finance, accounting and transaction advisory, valuation, financial disputes, claims, and investigations. Audax made a strategic investment in Stout in 2021. 'When we first invested in the company, we were drawn to the strength of the management team and depth of the firm's client relationships,' noted Bill Allen, a Managing Director at Audax Private Equity and head of the firm's Financial Services specialization. 'We're proud of the collaboration and work that went into building upon this foundation. We want to thank the entire Stout team for their partnership over the past four years.' 'Coupled with the diversity of their business and client roster, Stout proved to be a compelling platform through which to execute our 'value agenda,' which is Audax' comprehensive, multi-layered approach to value creation,' added Adam Abramson, a Partner at Audax. 'We are looking forward to watching Stout build on this momentum in the years to come.' During Audax' hold, Stout saw its employee count and top- and bottom-line performance each grow by more than two times. This was fueled by deep investments in the company's talent and human capital, as well as 10 acquisitions that complemented organic growth initiatives and accelerated the build out of certain segments, such as Stout's Valuation Advisory practice and its Disputes, Compliance & Investigations business line. 'Audax Private Equity clearly understands 'people' businesses and recognizes the importance of investing in the team and aligning interests to set the stage for accelerated growth,' noted Craige Stout, Chief Executive Officer of Stout. 'Audax also demonstrated an intimate understanding of the financial services space. And beyond the extensive resources they brought to the table, the sense of partnership and focus on the future really reinforced our culture of innovation and client service.' Over the past two months, Audax has announced or completed two exits out of its Financial Services specialization, which was launched in 2021. In addition to Stout, Audax agreed to sell CW Advisors, a transaction that's expected to close in the third quarter. Since June of last year, Audax has agreed to or completed nine exits across its Flagship and Origins strategies. William Blair & Company acted as financial advisor and Winston & Strawn LLP and Ropes and Gray LLP served as legal counsel to Stout. Simpson Thacher & Bartlett LLP served as legal counsel to Integrum. ABOUT AUDAX PRIVATE EQUITY: Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of March 2025, over 290 employees, and 100-plus investment professionals, Audax has invested in 175 platforms and more than 1,400 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations, and significantly increasing equity value. For more information, visit or follow us on LinkedIn. ABOUT STOUT: Stout is a global advisory firm specializing in corporate finance, accounting and transaction advisory, valuation, and financial disputes, claims, and investigations. Stout serves a range of clients, from public corporations to privately held companies in numerous industries. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex matters. Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors SA, Stout Bluepeak Asia Ltd., Stout GmbH, MB e Associati S.r.l., Stout Park Ltd, and Stout Capital, LLC, a FINRA-registered broker-dealer and SIPC member firm. Learn more at
Business Wire
18-06-2025
- Business
- Business Wire
Audax Private Equity's Origins Strategy Completes Thermogenics Exit
BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Audax Private Equity ('Audax'), a capital partner for middle and lower-middle market companies, announced today that it has completed the sale of Thermogenics, a provider of industrial and commercial boiler service and maintenance across North America. Morgan Stanley Capital Partners ('MSCP') acquired Thermogenics as part of a new investment in the company that closed on June 10, 2025. Terms of the deal are not disclosed. 'Thermogenics represented our very first investment through our Origins strategy,' noted Greg Smith, a Managing Director at Audax Private Equity. 'As the strategy's first exit – almost three years to the day since we closed the acquisition – we think the investment demonstrates the impact of our Buy & Build approach to help lower middle market companies create a foundation for accelerated growth and provide management teams with the tools and resources to execute on their vision through M&A and organic value creation initiatives.' 'When we initially partnered with Audax, the scale and depth of resources stood out,' noted Ross Garland, Chief Executive Officer of Thermogenics. 'Now, in hindsight, the collaboration of their Strategic Resources Group, the breadth of Audax' business development and sourcing function, and the deep experience of the investment team, each played a critical role in positioning Thermogenics to capitalize on the opportunity set in front of the business. We're looking forward to building on this momentum and embarking on our next phase of growth with MSCP.' Based in Aurora, Ontario, and with over 250 employees, Thermogenics is a provider of boiler lifecycle solutions to a diverse set of commercial and industrial customers. Under Audax' ownership, Thermogenics expanded its executive team and added key roles to facilitate growth; upgraded and enhanced its IT infrastructure, including the implementation of a new ERP system; and completed and integrated six acquisitions that expanded the company's geographic footprint in the U.S., while enhancing its service offering. During the hold, Thermogenics' top- and bottom-line performance more than doubled. The investment in Thermogenics was made through Audax' debut Origins Fund, announced in 2023, which closed above target with $965 million, inclusive of GP co-investment vehicles, to deploy across the North American lower middle market. 'Throughout our hold, we leveraged our deep experience in Industrial Services & Technologies, a sector where we have completed over 60 platform investments through our Flagship and Origins strategies and have deployed over $3 billion,' noted Don Bramley, a Partner at Audax Private Equity. 'We want to thank Ross and the entire management team at Thermogenics,' added Jay Mitchell, a Partner at Audax Private Equity. 'When we launched our Origins strategy in 2022, our objective was to leverage our deep investment in our organization and extend our Buy & Build approach to lower middle market companies. Our conviction in the strategy, the investment thesis, and the management team translated into what we consider to be a tremendous outcome for Thermogenics, Audax and our investors. It's an investment we're proud of and believe helps to set the tone for our strategy going forward.' Solomon Partners served as sell-side lead advisor, while KeyBanc Capital Markets served as co-advisor. Kirkland & Ellis LLP provided legal counsel to the sellers, while Debevoise & Plimpton LLP served in the same capacity to MSCP. ABOUT THERMOGENICS: Thermogenics is a provider of boiler lifecycle solutions in North America, offering boiler service & maintenance, equipment sales, and rental solutions for its customers' mission critical boilers in industrial, commercial, and institutional sectors. With 24/7 factory-trained technician support and its boiler rentals solution set, Thermogenics and its affiliated brands function as a one-stop shop for its customers' most complex steam and heating needs. Headquartered in Aurora, ON, Thermogenics operates across North America with locations in Ottawa, ON, Cincinnati, OH, Jacksonville, FL, Orlando, FL, Sioux City, IA, West Hartford, CT, Greensboro, NC, Apache Junction, AZ and Las Vegas, NV. ABOUT AUDAX PRIVATE EQUITY: Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of March 2025, over 290 team members, and 100-plus investment professionals, Audax has invested in more than 175 platforms and over 1,350 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations, and significantly increasing equity value. For more information, visit or follow us on LinkedIn.
