Audax Private Equity has partnered with management to acquire RelaDyne, Inc., a Cincinnati, Ohio-based lubricant, fuel, and DEF distributor, from AEA Investors, a private equity firm based in New York.
The terms of the transaction were not disclosed.
Led by Larry Stoddard, President and CEO, RelaDyne provides customers with integrated reliability management services for industrial and commercial businesses. Its distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S.
FinSMEs
27/07/2016
Audax Private Equity Announces the Acquisition of RelaDyne, Inc.
July 26, 2016 10:11 AM Eastern Daylight Time
BOSTON-Audax Private Equity (“Audax”) today announced that it has partnered with management to acquire RelaDyne, Inc. (“RelaDyne”) from AEA Investors, a private equity firm based in New York. Terms of the transaction were not disclosed.
“RelaDyne is a leader in lubricant, fuel, and DEF distribution and customer service. We look forward to working with Larry Stoddard and the RelaDyne team to build a national platform through organic growth and strategic add-on acquisitions.”
RelaDyne, headquartered in Cincinnati, Ohio, is an industry leading lubricant, fuel, and DEF distributor providing customers with integrated reliability management services for industrial and commercial businesses. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S. For more information, visit www.RelaDyne.com.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said, “RelaDyne is a leader in lubricant, fuel, and DEF distribution and customer service. We look forward to working with Larry Stoddard and the RelaDyne team to build a national platform through organic growth and strategic add-on acquisitions.”
Larry Stoddard, President and CEO of RelaDyne, said, “RelaDyne and its team of 750+ associates are excited to be partnering with Audax. They bring great expertise and funding focused on distribution and will help us meet the long-term goals as we continue to build this great company.”
Harris Williams & Co. advised RelaDyne and AEA Investors. Kirkland & Ellis LLP served as legal counsel to Audax.