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Audax Private Equity acquires Ecolab’s Equipment Care business

Audax Private Equity has acquired Ecolab’s Equipment Care business from Ecolab Inc, a provider of commercial kitchen repair, maintenance services, and parts to the US commercial food service industry.

Equipment Care services 40,000 locations across 25 states with 500 technicians and 400 subcontractors and distributes 25K SKUs of OEM and private label parts. Terms of the transaction were not disclosed.
 
Geoffrey Ss Rehnert, Co-Chief Executive Officer, Audax Group, says: “Ecolab’s Equipment Care is a leader in the kitchen equipment repair industry. We look forward to working with Bill Emory and the rest of the Equipment Care team to build a leading platform organically and through add-on acquisitions.”
 
Bill Emory, Chief Executive Officer of Equipment Care, says: “We are excited to be partnering with Audax for the next phase of Equipment Care’s growth. Audax provides expertise, resources, and valued experience in the industrials sector that will help us grow through strategic acquisitions.”
 
Ropes & Gray LLP served as counsel to Audax.
 

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