Audax Private Equity Completes the Sale of RelaDyne, Inc. to American Industrial Partners

DEC 2021

Audax Private Equity (“Audax”) today announced that it has completed the sale of RelaDyne, Inc (“RelaDyne” or the “Company”) to American Industrial Partners (“AIP”). Terms of the transaction were not disclosed.

RelaDyne is a leading provider of lubricants and distributor of less-than-truckload fuel, diesel exhaust fluid, chemicals, and other related products in the United States. RelaDyne is also an international provider of sustainability and reliability services to the commercial and industrial end-markets. The Company focuses on preventive maintenance, lowering total cost of ownership, decarbonization, and enhancing the sustainability and reliability of customers' critical equipment and assets, and serves over 25,000 customers throughout the broad industrial, commercial, and automotive end-markets.

Don Bramley, Managing Director at Audax, said, “We are proud to have partnered with Larry and the rest of the RelaDyne team to help build the Company into a leading provider of lubricants and related services. Through organic growth and strategic acquisitions, the Company significantly expanded its product portfolio, service capabilities, and geographic presence over the last five years. We are thankful to the team for all their efforts and wish them well.”

Larry Stoddard, Chief Executive Officer of RelaDyne, said, “This is another great step in the continued evolution and strategy for RelaDyne since our formation in 2010. We thank Audax for their leadership over the past five years and look forward to partnering with AIP.”

Baird served as lead M&A advisor and Stephens served as co-advisor to RelaDyne. Kirkland & Ellis served as legal advisor to RelaDyne and Audax Private Equity.