Audax Private Equity completed its 500th acquisition on September 21st when portfolio company Advanced Dermatology & Cosmetic Surgery (“ADCS”) acquired the assets of Dermatology of Northern Colorado, a leading dermatology practice in Fort Collins, Colorado. Dermatology of Northern Colorado is ADCS’s 31st acquisition since Audax acquired the platform in October of 2011.
Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said: “I am proud of the team at Audax Private Equity for reaching this remarkable milestone. Buy & Build is the central theme of our investment strategy. The completion of deal number 500 is a testament to the hard work of the team at Audax, as well as to the efforts of our management teams and partners. Over the course of these 500 transactions, we’ve had the good fortune to work with the top investment banks and financing sources in the middle market. We are grateful for the many excellent relationships we have formed with so many fine firms over the years, and we look forward to further developing and expanding them. We are very excited about the future as we continue to build Audax Private Equity.”
Audax partners with management teams that have the vision and drive to scale their organizations through acquisitions and organic growth. Through our disciplined Buy & Build approach, we seek to help our platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. In the last ten years, we have invested over $3 billion in 88 platforms and 412 add-on acquisitions.