Audax Private Equity Invests in Stout
October 28, 2021
Audax Private Equity has agreed to make a minority growth investment in Stout alongside the firm’s employee shareholders, with existing shareholders retaining a meaningful equity stake and management continuing to lead. The capital will support Stout’s future growth initiatives, including pursuing strategic add-on acquisitions; the transaction was expected to close in Q4 2021.
- Buyers
- Audax Private Equity
- Targets
- Stout (Stout Risius Ross)
- Sellers
- Existing Stout shareholders (employee shareholders)
- Industry
- Professional Services
- Location
- Illinois, United States
- Transaction Type
- Growth capital
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