Audax Private Equity (“Audax”) announced it has partnered with management to acquire Accent Food Services, LLC (“Accent”). Audax acquired Accent from Silver Oak Services Partners. Terms of the transaction were not disclosed.
Accent, headquartered in Austin, Texas, is a leading provider of customized fresh food, snacks, and refreshment services to businesses, educational institutions, and property management companies. Accent supplies customized offerings for on-site micro markets, vending machines, and coffee and refreshment services, delivering a superior consumer experience and improved work environment efficiency. For more information, visit www.accentfoods.com.
Geoffrey Rehnert, Co-Chief Executive Officer, Audax Group, said, “Accent is a leader in the micro market, vending, and refreshment services industry. We look forward to working with Josh Rosenberg and the Accent team to continue building a leading platform through organic growth and add-on acquisitions.”
Josh Rosenberg, CEO, Accent Food Services, said, “Accent is excited to be partnering with Audax for our next chapter of growth. Audax brings expertise and resources that we anticipate will help us continue to build upon our market leadership position by expanding beyond our current footprint through strategic acquisitions and growth initiatives.”
Lincoln International served as financial advisor to Accent. Ropes & Gray LLP served as counsel to Audax.