PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Audax acquires specialist product distribution platform

Audax Private Equity, a private investment firm focused on North American middle market companies, has acquired specialist distribution platform Krayden, Inc from private equity firm Quad-C Management. 

Audax Private Equity (Audax), a private investment firm focused on North American middle market companies, has acquired specialist distribution platform Krayden, Inc from private equity firm Quad-C Management. 

Terms of the deal have not been disclosed.

Krayden serves customers across engineering-driven applications in aerospace and defence, electronics, and industrial markets. 

The investment was sourced through Audax Private Equity’s Industrial Services & Technologies (IST) vertical, one of the firm’s six core industry specialisations. 

Since inception, Audax Private Equity has acquired more than 160 platforms and completed over 1,200 add-on acquisitions. The firm has significant experience in the specialty distribution and chemicals space with previous investments in Gabriel Performance Products, a specialty chemicals manufacturer sold to Huntsman Corp in 2021, and KODA Distribution, a specialty chemicals distributor sold to Azelis Group in 2015. 

Audax also controls multiple active investments in distribution, including EIS, a value-added distributor of advanced process materials to OEMs in critical industries, and GCG, a value-added distributor of connectivity and automation products and solutions.”

Evercore Partners served as advisor to the sellers. Kirkland & Ellis served as legal counsel to Audax, while White & Case LLP served in the same capacity to Quad-C Management. Advancy provided strategy diligence support to Audax.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured