News

November 06, 2019

Audax Private Equity Completes the Sale of AAMP Global to The Halifax Group

Audax Private Equity (“Audax”), in partnership with management, has completed the sale of AAMP Global (“AAMP”, or the “Company”) to The Halifax Group.

Headquartered in Clearwater, FL, AAMP is a leading global supplier of vehicle and related consumer technology solutions within the integration, infotainment, high-performance audio, safety, and connectivity product categories. The Company maintains relationships with a broad set of customers across light vehicle, marine, powersports, agricultural, and commercial fleet end-markets. Under Audax ownership, AAMP completed nine add-on acquisitions and significantly increased revenue.

Young Lee, Managing Director at Audax Group, said, “We are proud to have partnered with Jamie Fraser and the AAMP team to help create a market leader in the automotive aftermarket consumer technology space. Through acquisition and organic growth, the Company has become a leader in premium vehicle enhancements for a range of applications and vehicles. We are thankful to Jamie and the team for their partnership and efforts in growing the business significantly in the US and internationally.”

Jamie Fraser, CEO of AAMP, said, “Audax has been a valuable partner in helping the AAMP team build and transform the business through organic growth and nine strategic add-on acquisitions. The team looks forward to the next stage of growth with The Halifax Group.”

Ropes & Gray LLP served as legal advisor and BB&T Capital Markets served as financial advisor to AAMP. DLA Piper LLP served as legal advisor to The Halifax Group.

About

ABOUT AUDAX PRIVATE EQUITY
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $26 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in more than 130 platforms and 800 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its 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. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.

ABOUT AAMP Global
AAMP supplies premium automotive technology solutions through aftermarket installers, mass-market retailers, and eCommerce platforms. The Company provides an extensive product portfolio across integration, infotainment, high-performance audio, safety, and connectivity product segments. Primary vehicular end-markets served are light vehicle, agriculture, marine, powersports, recreational, and commercial. For further information please visit: www.aampglobal.com

ABOUT THE HALIFAX GROUP
Founded in 1999, The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $300 million. Halifax specializes in equity recapitalizations, corporate carve-outs and management buyouts and invests across a variety of industries, including health and wellness, outsourced business services, franchising and infrastructure. The firm is headquartered in Washington, D.C. and maintains offices in Dallas, TX and Raleigh, NC. For more information, please visit www.thehalifaxgroup.com.

Contacts
Audax Private Equity
Young Lee
Managing Director
(617) 859-1532

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