Audax Private Equity (“Audax”) is pleased to announce that we have closed our 100th add-on acquisition in 2017. Audax reached this add-on milestone, for the first time, when Audax portfolio company Lifemark Health acquired Physio Plus.
Year to date Audax has completed 100 add-ons across 31 portfolio companies, in 36 states and 4 countries. Over 70 of these companies had less than $2MM of EBITDA.
“Closing 100 add-ons this year is a testament to Audax’ commitment to our Buy & Build strategy. We would like to thank our deal sources, advisors and friends in the lower middle-market who have made this milestone possible” said Audax Co-CEO, Geoffrey S. Rehnert.
Through our disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Since inception in 1999, Audax has invested $4.5 billion in 109 platform and 632 add-on companies.
We welcome all leads regarding potential add-on acquisitions. Please contact us at NewDeals@audaxgroup.com to learn more about our portfolio companies and their add-on criteria.