Audax Private Equity Portfolio Company Completes Add-on Acquisition (Undisclosed)

Audax Private Equity Reaches 1,000th Add-on Acquisition

August 1, 2021

Professional Services

Audax Private Equity announced it has completed its 1,000th add-on acquisition across more than 140 platform investments, demonstrating its long-running buy-and-build strategy. The firm highlighted its focus across business services, consumer, healthcare, industrial services & technology, software & technology, and financial services, noting an average of seven add-ons per platform and capabilities in revenue acceleration and operational improvement.

Audax Private Equity Acquires Oakbridge Insurance from Corsair

September 26, 2023

Insurance

Audax Private Equity has partnered with Oakbridge's management team to acquire a majority stake in Oakbridge Insurance Agency LLC from Corsair Capital; terms were not disclosed. Audax said it will support Oakbridge's buy-and-build strategy to accelerate growth across the Southeast while Oakbridge's management and employees retain a significant ownership position.

Audax Private Equity Acquires 48forty Solutions from Grey Mountain Partners

December 1, 2020

Logistics & Distribution

Audax Private Equity has acquired a controlling interest in 48forty Solutions from Grey Mountain Partners. The investment positions 48forty — a leading North American pallet management and reverse logistics provider with a national network of facilities and over 2,400 employees — for continued organic growth and strategic add-on acquisitions to expand its product and service offerings.

Audax Private Equity Acquires Controlling Stake in BlueCat Networks

June 23, 2022

Cybersecurity

Audax Private Equity has entered into a definitive agreement to make a strategic growth investment in BlueCat Networks, acquiring a controlling stake. Financial terms were not disclosed; Madison Dearborn Partners will fully realize its investment. Audax plans to use its Buy & Build strategy to expand BlueCat’s offerings and accelerate growth.

Audax Private Equity Invests in The Harbourfront Group

June 14, 2022

Wealth Management

Audax Private Equity completed a strategic growth investment in The Harbourfront Group, valuing the Vancouver-based wealth management platform at an enterprise value of CAD $425 million. The minority investment will provide liquidity to Harbourfront’s shareholders (including its team of investment advisors) and support the company’s organic growth and buy‑and‑build acquisition strategy across Canada.

Audax Private Equity Invests in Stout

October 28, 2021

Professional Services

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.