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Audax Private Equity Closes its 900th Acquisition

May 16, 2019

BOSTON--(BUSINESS WIRE)--May 16, 2019--

Audax Private Equity (“Audax”) announced today that it has closed its 900 th acquisition. Audax portfolio company, 42 North Dental, a regional provider of high-quality dental services in the Northeast, has acquired Northborough Dental Associates, a dental office in Northborough, Massachusetts. The acquisition of Northborough Dental Associates is 42 North’s 21 st add-on acquisition under Audax ownership.

“We are proud to have reached this milestone as we approach the 20 th anniversary of Audax,” said Keith Palumbo, Managing Director at Audax. “Add-on acquisitions are central to our Buy & Build strategy and reaching our 900 th acquisition is a testament to Audax’ commitment to our Buy & Build philosophy.”

Young Lee, Managing Director of Audax added, “We partner with management teams, like the team at 42 North, who have the vision and drive to scale their organizations through acquisitions and organic growth. Through our disciplined Buy & Build philosophy, we seek to help our platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.”

We welcome all leads regarding potential add-on acquisitions. Please contact us at NewDeals@audaxgroup.com to learn more about our portfolio companies and their add-on criteria.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $25 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in 126 platforms and 774 add-on companies. With more than 240 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20190516006081/en/

CONTACT: Geoffrey Rehnert

Co-CEO, Audax Group

(617) 859-1503

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Audax Private Equity

Copyright Business Wire 2019.

PUB: 05/16/2019 04:50 PM/DISC: 05/16/2019 04:50 PM

http://www.businesswire.com/news/home/20190516006081/en