Audax Private Equity has partnered with management to acquire RelaDyne from AEA Investors, a private equity firm based in New York.
Terms of the transaction have not been disclosed.
RelaDyne, headquartered in Cincinnati, Ohio, is a lubricant, fuel and diesel exhaust fluid (DEF) distributor providing customers with integrated reliability management services for industrial and commercial businesses. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern US.
Geoffrey S Rehnert, co-chief executive of Audax Group, says: “RelaDyne is a leader in lubricant, fuel, and DEF distribution and customer service. We look forward to working with Larry Stoddard and the RelaDyne team to build a national platform through organic growth and strategic add-on acquisitions.”
Larry Stoddard, resident and CEO of RelaDyne, says, “RelaDyne and its team of 750-plus associates are excited to be partnering with Audax. They bring great expertise and funding focused on distribution and will help us meet the long-term goals as we continue to build this great company.”