Audax Private Equity Announces Majority Investment in Covercraft Industries
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Tuesday, August 24, 2021
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Audax Private Equity (Audax) today announced that it has acquired a majority stake in Covercraft Industries , a leading manufacturer of custom vehicle protection products, from Century Park Capital Partners.
Key Points:
- Audax Private Equity (Audax) today announced that it has acquired a majority stake in Covercraft Industries , a leading manufacturer of custom vehicle protection products, from Century Park Capital Partners.
- Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses.
- Audax Private Equity has invested over $7 billion in more than 140 platforms and over 1,000 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund.
- Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.