Audax Private Equity Makes Growth Investment in Pyramid Laboratories, Inc.

StatLab Medical Products Acquires Pyramid Innovation

August 10, 2021

Medical Devices

StatLab Medical Products, a portfolio company of Audax Private Equity and Linden Capital Partners, has acquired Pyramid Innovation, a Sussex-based developer of pathology slide and cassette printers. The deal expands StatLab’s instrument manufacturing capabilities and strengthens its laboratory automation product lineup while maintaining Pyramid’s operations in Sussex under founder Tom Hughes.

Audax Private Equity Invests in Team Cymru

August 4, 2021

Cybersecurity

Audax Private Equity has made a growth investment in Team Cymru, a Lake Mary, Florida-based leader in cyber threat intelligence, to support product expansion and accelerated growth through acquisitions. The capital will help Team Cymru broaden access to its threat intelligence feeds and external threat-hunting platform while supporting inorganic growth initiatives.

Audax Private Equity Acquires Majority Stake in GCX Mounting Solutions

September 20, 2021

Medical Devices

Audax Private Equity acquired a majority stake in GCX Mounting Solutions, a Petaluma, California–based designer and manufacturer of healthcare equipment mounting and mobility solutions; terms were not disclosed. Linden Structured Capital Fund provided junior capital alongside Audax to support the investment as GCX (330+ employees) pursues product, channel and M&A-driven growth.

Novo Holdings Acquires Altasciences from Audax Private Equity

February 22, 2021

Healthcare Services

Novo Holdings has agreed to acquire Altasciences, a Laval, Canada–headquartered contract research and CDMO services provider, from Audax Private Equity. Altasciences— which operates six facilities across the U.S. and Canada and employs over 1,300 people—will remain led by CEO Chris Perkin and is expected to continue expanding domestically and internationally under Novo Holdings' ownership.

ArchiMed Acquires ImaBiotech and Pyxant Labs; Pyxant Acquires LabCorp/Covance Salt Lake City Site

July 6, 2021

Healthcare Services

European healthcare-focused private equity firm ArchiMed completed three simultaneous transactions to create a market leader in bioanalytical services: it acquired French molecular-imaging and bioanalysis specialist ImaBiotech and Colorado Springs-based Pyxant Labs, while Pyxant also acquired LabCorp/Covance's Salt Lake City bioanalytical and oligonucleotide studies site. The combined moves expand ArchiMed's capabilities and North American footprint in bioanalytical testing for clinical trials.

Audax Private Equity Acquires Aspen Surgical Business Unit from Hillrom

July 10, 2019

Medical Devices

Audax Private Equity has entered into a definitive agreement to acquire Aspen Surgical, a Hillrom business unit that manufactures branded and private-label single-use surgical consumables. Aspen Surgical is headquartered in Caledonia, Michigan with operations in Caledonia and Las Piedras, Puerto Rico, and employs approximately 500 people; the transaction is a divestiture of the surgical consumables business from Hillrom to Audax.