Audax

Propel Equity Launches and Announces Closing of Its Investment in Flow Services Holdings

Retrieved on: 
Wednesday, March 20, 2024
Ageing, Growth, Acquisition, Audax, Construction

BOSTON, March 20, 2024 /PRNewswire/ -- Propel Equity today announces their launch to market and the close of their platform investment in Flow Services Holdings.

Key Points: 
  • BOSTON, March 20, 2024 /PRNewswire/ -- Propel Equity today announces their launch to market and the close of their platform investment in Flow Services Holdings.
  • Prior to forming Propel Equity, Ryan and Franklin were both Managing Directors at Audax Private Equity , a leading middle-market private equity platform.
  • Propel Equity also launched a newly created residential services platform, Flow Services Holdings, focused primarily on sewer and drain repair services.
  • Ryan Bruehlmann, Founding Partner at Propel Equity shared, "We see significant opportunity to develop and expand this leading, multi-regional provider of sewer and drain repair services through our investment in Flow Services Holdings.

Pyramid Labs Appoints Dirk Lange as CEO and Announces a Doubling of Commercial Fill-Finish Capacity

Retrieved on: 
Wednesday, March 6, 2024
Other Manufacturing, Professional Services, Manufacturing, Biotechnology, Health, Pharmaceutical, Retail, Asset Management, Supply Chain Management, Multimedia, Growth, Nucleotide, CDMO, Peptide, Pyramid, Protein, Knowledge, Audax, Management

View the full release here: https://www.businesswire.com/news/home/20240306544414/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240306544414/en/
    “I am excited to lead Pyramid during this pivotal time in the Company’s growth trajectory and as the company is doubling its commercial fill-finish capacity,” noted Dirk Lange.
  • Lange most recently led MilliporeSigma’s Life Science Services business and previously was the CEO of KBI Biopharma and Selexis.
  • He joins Pyramid at a point of accelerated growth, as the company is doubling its commercial fill-finish capacity.
  • “We are very pleased to welcome Dirk to the Pyramid team as we continue in our transformative growth phase,” commented Medhat Gorgy.

Audax Private Equity Voted Mid-Market Firm of the Year in North America for Second Consecutive Year

Retrieved on: 
Monday, March 4, 2024
Professional Services, Finance, Executive, Private equity, Investment, Private Equity International, HEC, Audax, Security (finance)

Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth, was recognized as the “Mid-Market Firm of the Year, North America,” in the 2023 PEI Awards.

Key Points: 
  • Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth, was recognized as the “Mid-Market Firm of the Year, North America,” in the 2023 PEI Awards.
  • This recognition, determined through a vote of industry peers and practitioners, marks the second year in a row that Audax Private Equity has received this honor.
  • “We’re certainly proud of our recent accomplishments and honored to have received this distinction in consecutive years,” added Young Lee, Partner and Co-President of Audax Private Equity.
  • 2 most active private equity firm in the U.S. in PitchBook’s 2023 Annual League Tables (released earlier in February); and, for the second consecutive year, was named among the Top 50 Private Equity Firms for Executives, compiled by PrivateEquityCXO and Falcon Partners.

Dubai FinTech Summit gathers industry leaders to drive the agenda for the future of FinTech

Retrieved on: 
Wednesday, January 31, 2024
Partnership, Traction, Fintech, NBD, Heart, Emirates, USD, Ecosystem, Emirates NBD, DFS, Grand Finale, Audax, Drug

- 30+ industry leaders gathered at the DFS Dialogues roundtable to discuss pressing issues and highlight key trends in the FinTech space to drive the agenda for Dubai FinTech Summit 2024.

Key Points: 
  • - 30+ industry leaders gathered at the DFS Dialogues roundtable to discuss pressing issues and highlight key trends in the FinTech space to drive the agenda for Dubai FinTech Summit 2024.
  • During the invitation only DFS Dialogues session, 30+ industry leaders participated in in-depth discussions to chalk out key themes for the upcoming summit.
  • These dialogues are fundamental in shaping the UAE fintech industry's future and setting the agenda for the Dubai FinTech Summit 2024.
  • Dubai FinTech Summit 2024 will see an unprecedented gathering of over 8,000 decision-makers, 300+ thought leaders across 5 stages and 200+ exhibitors showcasing cutting-edge technologies.

Dobbs Tire & Auto Centers Receives Growth Investment from Audax Private Equity

Retrieved on: 
Monday, December 18, 2023
Aftermarket, Other Retail, Automotive, Finance, Specialty, Professional Services, Other Automotive, Tires & Rubber, Retail, Other Professional Services, Ellis Brooks Auto Center, EVS, History, Partner, Stifel, SUV, Midwestern United States, Private equity, Growth, Gibson Dunn, Knowledge, Capstone Partners, Golub Capital, Audax

Audax Private Equity (“Audax”), a growth-oriented capital partner to middle market companies, announced today an investment in Dobbs Tire & Auto Centers, Inc. (“Dobbs”), a leading tire retailer and automotive aftermarket service company with a strong presence in the Midwestern United States.

Key Points: 
  • Audax Private Equity (“Audax”), a growth-oriented capital partner to middle market companies, announced today an investment in Dobbs Tire & Auto Centers, Inc. (“Dobbs”), a leading tire retailer and automotive aftermarket service company with a strong presence in the Midwestern United States.
  • “Given our history in auto aftermarket and consumer services, we have been pursuing a thesis in the auto services segment for some time,” noted Jason Ellis, a Managing Director at Audax.
  • Capstone Partners acted as financial advisor to Dobbs on the transaction, while Stifel acted as financial advisor to Audax.
  • Nelson Mullins served as legal counsel to Dobbs, while Gibson, Dunn & Crutcher and Goulston & Storrs served in the same capacity to Audax.

BayPine Strengthens Leadership Team With Senior Operating Talent

Retrieved on: 
Tuesday, November 14, 2023
Professional Services, Business, Finance, Harvard Business School, Advanced Management Program, Finastra, University, General Atlantic, Partner, Intelligence, BSEE, SSA Global Technologies, Controller, MBA, Software, Growth, PwC, Quinnipiac University, Audax, Babson College, Management

BayPine LP (“BayPine”), a private investment firm that drives digital transformation in market-leading businesses, today announced that it has strengthened its leadership team with two senior appointments.

Key Points: 
  • BayPine LP (“BayPine”), a private investment firm that drives digital transformation in market-leading businesses, today announced that it has strengthened its leadership team with two senior appointments.
  • Cory A. Eaves, an accomplished operating executive and product and technology leader, has joined the firm as Partner and Head of Portfolio Operations.
  • Additionally, Jason Currier, a seasoned finance professional in the private equity industry, has joined BayPine as Partner and Chief Financial Officer.
  • Anjan Mukherjee and David Roux, Managing Partners of BayPine, said, “We are thrilled to welcome Cory and Jason to BayPine as we continue to build a best-in-class investment organization supported by robust operating infrastructure.

Integrate Appoints Tony Uphoff as President of Pipeline360

Retrieved on: 
Monday, November 6, 2023
Integration, Software and Information Industry Association, UBM, InformationWeek, Linfield University, Business.com, Medill School of Journalism, Acquisition, Software, Xometry, Growth, SIIA, Marketing, Nielsen Holdings, Privacy, Norman Uphoff, Northwestern University in Qatar, Cryptocurrency, Journalism, Audax

BOULDER, Colo., Nov. 6, 2023 /PRNewswire-PRWeb/ -- Integrate, a leading B2B marketing solutions provider, today announced the appointment of Tony Uphoff as President of Pipeline360, the company's media business. Uphoff has a strong track record of building, growing, and leading tech, data, media, and marketing services companies, with notable leadership roles at Thomasnet.com, UBM TechWeb, VNU Media, The Hollywood Reporter, InformationWeek and Business.com.

Key Points: 
  • BOULDER, Colo., Nov. 6, 2023 /PRNewswire-PRWeb/ -- Integrate, a leading B2B marketing solutions provider, today announced the appointment of Tony Uphoff as President of Pipeline360, the company's media business.
  • Uphoff has a strong track record of building, growing, and leading tech, data, media, and marketing services companies, with notable leadership roles at Thomasnet.com, UBM TechWeb, VNU Media, The Hollywood Reporter, InformationWeek and Business.com.
  • "I'm excited to officially welcome Tony to the Integrate family and look forward to partnering with him to scale Pipeline360."
  • "I'm thrilled to be joining Pipeline360 as President at this critical juncture to help lead the next phase of growth and innovation."

Audax Private Equity Partners With Management to Support the Growth of Oakbridge Insurance

Retrieved on: 
Tuesday, September 26, 2023
Banking, Professional Services, Insurance, Finance, LLP, Private equity, Partnership, Kirkland & Ellis, Culture, Agriculture, Risk management, P&C, Corsair, Sale, Simpson Thacher & Bartlett, Ronald Reagan, Growth, Transport, Software, Management, Audax

Audax Private Equity (“Audax”), a leading alternative investment manager and capital partner to middle market companies, announced a partnership alongside management to invest in Oakbridge Insurance Agency LLC (“Oakbridge” or the “Company”), a leading independent insurance and risk management agency.

Key Points: 
  • Audax Private Equity (“Audax”), a leading alternative investment manager and capital partner to middle market companies, announced a partnership alongside management to invest in Oakbridge Insurance Agency LLC (“Oakbridge” or the “Company”), a leading independent insurance and risk management agency.
  • Oakbridge is a scaled insurance brokerage firm focused on commercial P&C, employee benefits, surety, personal P&C, and risk management services.
  • Oakbridge has exhibited strong growth over the past several years, driven by consistent organic growth and the completion of 25 acquisitions since inception.
  • The Oakbridge management team and employee base will continue to maintain a significant ownership position in the Company.

SC Ventures Launches audax Financial Technology to Help Financial Institutions Accelerate Digital Banking Capabilities

Retrieved on: 
Thursday, September 21, 2023
Professional Services, Online Retail, Cosmetics, Retail, Finance, Fintech, Banking, Partnership, Arm, SC, Standard Chartered, Audax, Intelligence, Digital banking, Acquisition, As a service, Growth, Ecosystem, Bukalapak, Cryptocurrency, Online shopping, Bank

SC Ventures , Standard Chartered’s innovation, fintech investment and ventures arm, launches audax Financial Technology (“audax”), a digital banking technology solutions provider.

Key Points: 
  • SC Ventures , Standard Chartered’s innovation, fintech investment and ventures arm, launches audax Financial Technology (“audax”), a digital banking technology solutions provider.
  • audax provides an end-to-end digital banking platform with modularised capabilities that are designed to efficiently handle millions of customer data concurrently.
  • “audax’s digital banking solutions will help financial institutions unlock more opportunities,” said Alex Manson, who leads SC Ventures.
  • SC Ventures was established in 2018 as a new business unit to lead digital innovation and to invest in Financial Technology companies.

Audax Strategic Capital and Sunstone Partners Infuse Capital into EverService to Support Organic Growth and Continue M&A Pursuits

Retrieved on: 
Thursday, September 14, 2023
Finance, Internet, Data Management, Professional Services, Technology, ASC, Sunstone, Partner, Acquisition, Growth, Entrepreneurship, Retail, Audax

Sunstone Partners (“Sunstone”), a growth-oriented private equity firm, and Audax Strategic Capital (“ASC” or “Audax”), a provider of customized equity solutions, announced today a structured equity investment in which ASC provided a capital infusion into EverService, a portfolio company of Sunstone that provides tech-enabled business solutions.

Key Points: 
  • Sunstone Partners (“Sunstone”), a growth-oriented private equity firm, and Audax Strategic Capital (“ASC” or “Audax”), a provider of customized equity solutions, announced today a structured equity investment in which ASC provided a capital infusion into EverService, a portfolio company of Sunstone that provides tech-enabled business solutions.
  • “We’re excited to partner with Audax Strategic Capital to extend the buy-and-build runway for EverService,” noted Gustavo Alberelli, Co-Founder and Managing Partner of Sunstone.
  • “Our investment in EverService represents a prototypical deal for Audax Strategic Capital,” stated Kumber Husain, a Managing Director at ASC.
  • “EverService has demonstrated exceptional growth under Sunstone and has executed on a playbook to source, integrate, and realize considerable growth from complementary add-ons.