Audax Private Equity Announces Sale of Integrated Supply Network

BOSTON--()--Audax Private Equity (“Audax”) has completed the sale of Integrated Supply Network (“ISN” or “the Company”) to Freeman Spogli & Co. (“Freeman Spogli”), a private equity firm based in Los Angeles, California, in conjunction with management and other investors. Terms of the transaction were not disclosed.

Headquartered in Lakeland, Florida, ISN is an independent distributor of tools and equipment sold into the aftermarket automotive repair industry. Since Audax’ initial investment in ISN in 2011, the Company completed eight acquisitions, expanding ISN into new geographies, including Canada and the United Kingdom, new sales channels and end-markets, and adjacent product categories.

Geoffrey S. Rehnert, Co-CEO of Audax, said, “Bruce Weber and the rest of the ISN team have done an exceptional job growing the Company organically and through add-on acquisitions, all while executing best-in-class distribution and customer service. We wish the ISN team continued success as they embark on the next chapter of growth with Freeman Spogli.”

Bruce Weber, CEO of ISN, said, “Audax’ expertise in helping us execute our buy and build strategy was essential for expanding ISN’s geographic presence, sales channels, and product categories. We’re excited to retain their expertise and experience through a minority equity position alongside Freeman Spogli going forward.”

BlackArch Partners and BB&T Capital Markets advised ISN. Kirkland & Ellis LLP served as legal counsel to ISN.

ABOUT INTEGRATED SUPPLY NETWORK
Founded in 1984, Integrated Supply Network is one of the nation’s largest independent automotive tool & equipment specialists serving wholesalers and distributors throughout North America and the United Kingdom. ISN is built on a dedicated team of people committed to excellence and the promise to be the best “one-stop go-to-market” partner for manufacturers, and the best “one-stop-shop for resellers.” ISN offers over 100,000 SKUs including hand tools, shop tools, garage equipment, autobody repair products, shop supplies and consumables, tire repair products, and many other automotive repair products. ISN processes and delivers customized orders anywhere in the U.S. within 24 hours. For more information about ISN, visit www.isnweb.com.

ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested over $3.5 billion in 96 platform and 489 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website www.audaxgroup.com.

Contacts

Audax Group
Geoffrey S. Rehnert, 617-859-1503
Co-CEO

Contacts

Audax Group
Geoffrey S. Rehnert, 617-859-1503
Co-CEO