BOSTON--(BUSINESS WIRE)--Audax Private Equity (“Audax”) announced today that it has completed its acquisition of EIS, Inc. (“EIS” or “The Company”). The Company, founded in 1950 and headquartered in Atlanta, GA, is a leading distributor, fabricator, and converter of electrical process materials, wire, cable and assemblies serving end-user segments in electrical power and related markets. It provides more than 100,000 products from 38 branches and four fabrication facilities to more than 20,000 customers across North America.
Larry Griffin, CEO of EIS, said, “We are excited to partner with Audax as we embark on our next phase of growth. Our independent structure will allow us to devote renewed energy on better serving our core end markets as we look to expand both organically and through strategic acquisitions. Audax provides expertise, resources, and valued experience in the distribution industry that will help us achieve these objectives to the benefit of our core constituents of suppliers, customers, and employees.”
Don Bramley, Managing Director, Audax Group, said, "We believe EIS is a quality organization with an experienced management team, loyal customer base, strong partnerships and a proven M&A platform that will complement our portfolio of industry leading companies. Audax will seek to provide the expertise and resources to support the EIS leadership team as it continues to broaden its customer base, pursue strategic acquisitions, and enhance service and support programs for the benefit of all EIS stakeholders.”
Kirkland & Ellis LLP served as legal counsel to Audax.
EIS is a leading distributor of process materials, production supplies, specialty cable, connectivity, automation, and value-added fabricated parts supplying the electrical OEM, apparatus repair and various assembly markets with over 100,000 critical products from 38 branches and four fabrication facilities located in North America. For more information about EIS, please visit: www.eis-inc.com
ABOUT AUDAX PRIVATE EQUITY
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $25 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in more than 130 platforms and 800 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. 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. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.