Audax Private Equity Announces the Acquisition of Kofile

FEB 2020

Audax Private Equity (“Audax”) announced today that it has acquired a controlling interest in Kofile, Inc. (“Kofile” or “the Company”), a market-leading provider of information management and access systems solutions for government agencies nationwide. The Company, founded in 2009 and headquartered in Dallas, TX, provides restoration, preservation, and digitization services for critical government records, as well as cloud-native software solutions for digital records management and citizen engagement.

“In Audax, we believe we have found the perfect investment partner to propel our future growth,” said Michael Crosno, CEO of Kofile. “Their interest in the public sector market, coupled with their experience and customer focus, has us very excited about the opportunities this partnership can bring to Kofile’s customer-centered commitment.”

Young Lee, Managing Director at Audax Group, said, "Kofile's reputation for quality and customer service is a testament to the company's culture. We look forward to helping accelerate the growth of Kofile's brand and product portfolio across a national footprint.”

Tim Mack, Managing Director at Audax Group, added, "We are impressed by the business that Michael and team have built over the years, and are excited to invest behind them for the company’s next stage of growth. We believe Kofile is well positioned to continue expanding its high-quality suite of products and services for the public sector."

Terms of the transaction were not disclosed. Ropes & Gray LLP served as legal counsel to Audax. Shea & Company, LLC served as financial advisor and Gunderson Dettmer served as legal advisor to Kofile.