Audax Private Equity (“Audax”) today announced that it has partnered with management to acquire RelaDyne, Inc. (“RelaDyne”) from AEA Investors, a private equity firm based in New York. Terms of the transaction were not disclosed.
RelaDyne, headquartered in Cincinnati, Ohio, is an industry leading lubricant, fuel, and 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 U.S. For more information, visit www.RelaDyne.com.
Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said, “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, *President and CEO, RelaDyne, said, “RelaDyne and its team of 750+ 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.”
Harris Williams & Co. advised RelaDyne and AEA Investors. Kirkland & Ellis LLP served as legal counsel to Audax.