BOSTON, MA – September 17, 2014 – Audax Group announced it has acquired Chase Industries, Inc. (“Chase Doors”) from Sentinel Capital Partners. Headquartered in Cincinnati, Ohio, Chase is a leading manufacturer and distributor of customized doors, including traffic, corrosion resistant, PVC, strip, cold storage, fire, and sliding doors. Founded in 1932, Chase Doors offers superior design and engineering processes, and supports the development of green product innovations. Chase Doors’ family of brands includes Chase™, Chem-Pruf™, ColdGuard™, Econo Max™, Eliason™, Fib-R-Dor™, Saino™, and Simon™.
Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said “Chase Doors is a manufacturer of customized doors with an unparalleled reputation in the market. We look forward to partnering with Jeffrey Stark and the rest of the Chase team to grow the business organically and through strategic add-on acquisitions.”
*Jeffrey Stark, *CEO, Chase Doors, said “We are excited to have Audax as our new partner. The firm’s track record of sourcing and integrating add-on acquisitions will enhance our ability to grow, while continuing to build on our brand’s reputation of market-leading quality and value.”
Houlihan Lokey and Kirkland & Ellis LLP advised Chase. Ropes & Gray LLP and Fredrikson & Byron P.A. served as counsel to Audax Group. Golub Capital provided financing for the transaction.