BOSTON--(BUSINESS WIRE)--Audax Private Equity (“Audax”) today announced that it has partnered with management to acquire Revolution Dancewear (“Revolution”), a leading global supplier of dance recital costumes, competition costumes, footwear, and dancewear. Terms of the transaction were not disclosed.
Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said, “Revolution is a recognized leader in the dance costume and dancewear market. We look forward to supporting CEO Joe Sclafani and the entire Revolution team to continue growing the business organically and through acquisitions.”
Revolution Dancewear, headquartered in Niles, IL, is a leading, globally recognized, costume and apparel platform that is known for its quality designs, value proposition, and recognized customer service to dance studios, dance schools, public programs, and dancers worldwide. Revolution offers one of the broadest suites of products, including recital costumes, competition costumes, footwear, leotards, and tights under its Revolution, 10th House, and Plume brands.
Joe Sclafani, CEO of Revolution Dancewear, said, “We’re excited to partner with Audax as we continue to build the Revolution platform both organically and through acquisitions. Audax’ resources will help us accelerate our growth as we expand into new product lines and geographies and invest in technology tools to support our dance studio partners.”
Robert W. Baird acted as exclusive financial advisor and Cohen & Grigsby, PC served as legal counsel to Revolution Dancewear and Incline Equity. Kirkland & Ellis LLP served as counsel to Audax.
ABOUT THE COMPANIES
Revolution is a leading global supplier of recital costumes, competition costumes, footwear, and dancewear to dance studios and dance programs worldwide. Additional information about Revolution Dancewear is available at www.revolutiondance.com.
Audax Private Equity has been focused on building leading middle market companies since its founding in 1999. Audax has invested $5 billion in 115 platform and 679 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 Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has over $12 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.