Audax Private Equity and Lovell Minnick Partners Make Strategic Investment in Fortis

Audax Private Equity and existing investor Lovell Minnick Partners completed a joint recapitalization of Fortis, a Plano-based embedded payments technology provider, closing on March 11, 2025. The investment will fund product and technology development, accelerate Fortis' M&A (buy‑and‑build) strategy, and support global expansion and infrastructure scaling; terms were not disclosed.