Investments
73Portfolio Exits
84Funds
22Partners & Customers
6Service Providers
3About Audax Private Equity
Audax Private Equity is an asset management firm that specializes in investments in middle-market companies. It helps companies to execute acquisitions. The company was founded in 1999 and is based in Boston, Massachusetts.
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Latest Audax Private Equity News
Jun 7, 2023
Back to video HOUSTON — 48forty Solutions (“48forty”), a leading national provider of recycled pallets and pallet management services, today announced that it has acquired South Carolina-based pallet management company Taylor Pallets & Recycling (“Taylor” or the “Company”). The terms of the transaction were not disclosed. 48forty is a portfolio company of Audax Private Equity (“Audax”) and Summit Partners (“Summit”). Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Email Address Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Financial Post Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again Article content Taylor was founded in 1992 by Greg and Russ Taylor and has grown steadily since that time. The company specializes in recycled, new, and custom-built pallets for customers in South Carolina, Georgia, and North Carolina. It services those customers through its four locations in Anderson, SC, Winder, GA, Orangeburg, SC, and Byron, GA. Advertisement 2 THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. Article content Taylor is the largest pallet recycler in South Carolina, employing more than 180 people and operating its own private fleet. “The expansion of 48forty to provide a greater number of pallet management solutions in the Southeast is made possible by the great organization that Taylor has assembled. We are thrilled to welcome them to our team,” said Mike Hachtman, CEO of 48forty. “Joining 48forty provides us the opportunity to expand our reach and serve more customers than ever,” said Greg Taylor of Taylor Pallets. “We look forward to the transition and to the increased range of job and growth opportunities it will provide for our employees.” About 48forty Solutions 48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 270 facilities, including 69 company-owned and operated pallet recycling plants, 186 onsite locations, 12 reverse logistics centers, 4 sorting centers, and more than 850 service providers. 48forty provides end-to-end pallet solutions from supply to retrieval, recycled, new, and custom pallets, and reverse logistics services. We also operate one of the nation’s largest private fleets of more than 7,890 trailers and 486 tractors. 48forty is backed by Summit Partners and Audax Private Equity. For more information, visit 48forty.com or follow us on LinkedIn . View source version on businesswire.com: https://www.businesswire.com/news/home/20230607005645/en/ Contacts
Audax Private Equity Investments
73 Investments
Audax Private Equity has made 73 investments. Their latest investment was in Congress Wealth Management as part of their Secondary Market on April 4, 2023.
Audax Private Equity Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/27/2023 | Secondary Market | Congress Wealth Management | Yes | 2 | ||
4/18/2023 | Private Equity | Pyramid | Yes | 1 | ||
3/28/2023 | Seed | Mosaic Dental Collective | Yes | 3 | ||
11/30/2022 | Private Equity | |||||
6/14/2022 | Private Equity |
Date | 4/27/2023 | 4/18/2023 | 3/28/2023 | 11/30/2022 | 6/14/2022 |
|---|---|---|---|---|---|
Round | Secondary Market | Private Equity | Seed | Private Equity | Private Equity |
Company | Congress Wealth Management | Pyramid | Mosaic Dental Collective | ||
Amount | |||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 1 | 3 |
Audax Private Equity Portfolio Exits
84 Portfolio Exits
Audax Private Equity has 84 portfolio exits. Their latest portfolio exit was Stonewall Kitchen on March 14, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/14/2022 | Acq - Fin - II | 2 | |||
3/14/2022 | Acquired - II | 4 | |||
3/11/2022 | Acquired | 3 | |||
Date | 3/14/2022 | 3/14/2022 | 3/11/2022 | ||
|---|---|---|---|---|---|
Exit | Acq - Fin - II | Acquired - II | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 4 | 3 |
Audax Private Equity Acquisitions
159 Acquisitions
Audax Private Equity acquired 159 companies. Their latest acquisition was Krayden on April 05, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/5/2023 | Acq - Fin - II | 4 | ||||
11/28/2022 | Acq - Fin | 1 | ||||
9/12/2022 | Acq - Fin - II | 3 | ||||
8/16/2022 | ||||||
6/23/2022 | Series B |
Date | 4/5/2023 | 11/28/2022 | 9/12/2022 | 8/16/2022 | 6/23/2022 |
|---|---|---|---|---|---|
Investment Stage | Series B | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin - II | Acq - Fin | Acq - Fin - II | ||
Sources | 4 | 1 | 3 |
Audax Private Equity Fund History
22 Fund Histories
Audax Private Equity has 22 funds, including Audax Private Equity Fund VII-B.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
4/14/2023 | Audax Private Equity Fund VII-B | $3,268.37M | 3 | ||
4/14/2023 | Audax Private Equity Fund VII-A | $1,735.62M | 2 | ||
5/6/2021 | Audax Mezzanine Fund V-A | $1,850M | 2 | ||
1/14/2021 | Audax Private Equity Fund IV LP | ||||
2/29/2020 | Audax Senior Loan Fund I LP |
Closing Date | 4/14/2023 | 4/14/2023 | 5/6/2021 | 1/14/2021 | 2/29/2020 |
|---|---|---|---|---|---|
Fund | Audax Private Equity Fund VII-B | Audax Private Equity Fund VII-A | Audax Mezzanine Fund V-A | Audax Private Equity Fund IV LP | Audax Senior Loan Fund I LP |
Fund Type | |||||
Status | |||||
Amount | $3,268.37M | $1,735.62M | $1,850M | ||
Sources | 3 | 2 | 2 |
Audax Private Equity Partners & Customers
6 Partners and customers
Audax Private Equity has 6 strategic partners and customers. Audax Private Equity recently partnered with Mosaic Dental Collective on March 3, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/28/2023 | Partner | United States | Mosaic Dental Collective, LLC Forms Strategic Partnership with Audax Private Equity * Vancouver , WA -- March 28 , 2023 * -- Mosaic Dental Collective , LLC announced a partnership with Audax Private Equity , a leading alternative investment manager and capital partner for North American middle market companies . | 3 | |
11/15/2018 | Partner | ||||
3/10/2017 | Partner | ||||
2/17/2015 | Partner | ||||
6/5/2012 | Vendor |
Date | 3/28/2023 | 11/15/2018 | 3/10/2017 | 2/17/2015 | 6/5/2012 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Vendor |
Business Partner | |||||
Country | United States | ||||
News Snippet | Mosaic Dental Collective, LLC Forms Strategic Partnership with Audax Private Equity * Vancouver , WA -- March 28 , 2023 * -- Mosaic Dental Collective , LLC announced a partnership with Audax Private Equity , a leading alternative investment manager and capital partner for North American middle market companies . | ||||
Sources | 3 |
Audax Private Equity Service Providers
10 Service Providers
Audax Private Equity has 10 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Acq - Fin | Counsel | General Counsel | |
Acq - Fin | Counsel | General Counsel | |
Acq - Fin | Investment Bank | Financial Advisor |
Service Provider | |||
|---|---|---|---|
Associated Rounds | Acq - Fin | Acq - Fin | Acq - Fin |
Provider Type | Counsel | Counsel | Investment Bank |
Service Type | General Counsel | General Counsel | Financial Advisor |
Partnership data by VentureSource
Audax Private Equity Team
15 Team Members
Audax Private Equity has 15 team members, including current Managing Director, Cory D. Mims.
Name | Work History | Title | Status |
|---|---|---|---|
Cory D. Mims | ICV Partners, and TSG Capital Group | Managing Director | Current |
Name | Cory D. Mims | ||||
|---|---|---|---|---|---|
Work History | ICV Partners, and TSG Capital Group | ||||
Title | Managing Director | ||||
Status | Current |
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