Audax Private Equity, a Boston, MA-based alternative investment manager and capital partner for North American middle market companies, acquired Krayden, a Denver, CO-based provider of a value-added distribution platform, from Charlottesville, VA-based private equity firm Quad-C Management.
The amount of the deal was not disclosed.
Led by Wayne Wagner, Chief Executive Officer, Krayden is a stocking distributor who offers technical expertise and features premier products including sealants, adhesives, coatings, encapsulates, release agents, solder, solder chemicals, supplies, and dispensing equipment. Its locations can be found throughout the United States, Canada, Mexico, Brazil, Singapore, Malaysia, the Philippines, and Europe.
Audax Private Equity is a middle market investment firm with approximately $15 billion of assets under management, over 185 employees, and 85-plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,200 add-on acquisitions. Through its disciplined buy-and-build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that further revenue expansion, optimize operations, and increase equity value.
