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Audax Private Equity

Verified

Pe Firm

Audax Private Equity logo
Boston, MA, US Website

Backed Source Refrigeration/CoolSys (2015-2019) and Reedy Industries/PremiStar (2017-2021).

Headquarters

US hq by state Alaska: no recorded hq Alabama: no recorded hq Arkansas: no recorded hq Arizona: no recorded hq California: no recorded hq Colorado: no recorded hq Connecticut: no recorded hq District of Columbia: no recorded hq Delaware: no recorded hq Florida: no recorded hq Georgia: no recorded hq Hawaii: no recorded hq Iowa: no recorded hq Idaho: no recorded hq Illinois: no recorded hq Indiana: no recorded hq Kansas: no recorded hq Kentucky: no recorded hq Louisiana: no recorded hq Massachusetts: 1 hq Maryland: no recorded hq Maine: no recorded hq Michigan: no recorded hq Minnesota: no recorded hq Missouri: no recorded hq Mississippi: no recorded hq Montana: no recorded hq North Carolina: no recorded hq North Dakota: no recorded hq Nebraska: no recorded hq New Hampshire: no recorded hq New Jersey: no recorded hq New Mexico: no recorded hq Nevada: no recorded hq New York: no recorded hq Ohio: no recorded hq Oklahoma: no recorded hq Oregon: no recorded hq Pennsylvania: no recorded hq Rhode Island: no recorded hq South Carolina: no recorded hq South Dakota: no recorded hq Tennessee: no recorded hq Texas: no recorded hq Utah: no recorded hq Virginia: no recorded hq Vermont: no recorded hq Washington: no recorded hq Wisconsin: no recorded hq West Virginia: no recorded hq Wyoming: no recorded hq
Headquarters: Boston, MA, US.

Ownership map

Ownership links are documented, evidence-gated edges, shown as reported by their sources. Naming a company is not an accusation against it. See our methodology and legal notes.

Ownership map for Audax Private EquityDivestedDivestedFormerly Known AsPart Ofbacked bybacked bybacked bybacked bybacked bybacked bybacked byparent ofparent ofparent ofparent ofrolled up intorolled up intorolled up intorolled up intorolled up intorolled up intorolled up intorolled up intorolled up intorolled up into1GNITE (Asset Recovery Solutions): Operating Company1A1GNITE (Asset Recover…ABC Refrigeration & HVAC: Operating CompanyABC Refrigeration & H…Advanced Mechanical Plus: Operating CompanyAMAdvanced Mechanical P…Advanced Refrigeration Systems: Operating CompanyARAdvanced Refrigeratio…Advent International: Pe FirmAdvent InternationalAgape Mechanical: Operating CompanyAMAgape MechanicalAir Filter Engineers: Operating CompanyAir Filter EngineersAir Filter Supply: Operating CompanyAir Filter SupplyAir Filtration Co., Inc.: Operating CompanyAFAir Filtration Co., I…Allstate Insulation Corp.: Operating CompanyAIAllstate Insulation C…Allstate LLC: Operating CompanyALAllstate LLCAres Management Corporation: Pe FirmAMAres Management Corpo…Arjae HVAC and Mechanical Services: Operating CompanyAHArjae HVAC and Mechan…Arsenal Capital Partners: Pe FirmArsenal Capital Partn…Audax Group: Pe FirmAGAudax GroupAudax Private Equity: Pe FirmAudax Private EquityAxiom Energy Solutions: Operating CompanyAEAxiom Energy SolutionsBRR Refrigeration: Operating CompanyBRR RefrigerationBear Mountain Mechanical: Operating CompanyBMBear Mountain Mechani…Building Air Services: Operating CompanyBABuilding Air ServicesC.E. Holt Refrigeration: Operating CompanyCEC.E. Holt Refrigerati…CMS: PlatformCMCMSCarolina Refrigeration Services Inc: Operating CompanyCRCarolina Refrigeratio…Certified Refrigeration and Mechanical, Inc.: Operating CompanyCRCertified Refrigerati…Choice Mechanical: Operating CompanyChoice MechanicalColorado Mechanical Systems: Operating CompanyColorado Mechanical S…CoolSys: PlatformCoolSysCoolSys (formerly Source Refrigeration & HVAC): PlatformCFCoolSys (formerly Sou…Dave Downing & Associates: Operating CompanyDDDave Downing & Associ…Distribution International Inc.: PlatformDIDistribution Internat…Duquette Refrigeration: Operating CompanyDRDuquette RefrigerationEastern Refrigeration: Operating CompanyEastern RefrigerationEncom: Operating CompanyEncomEnergy Squared LLC: Operating CompanyESEnergy Squared LLCEntek Solutions: Operating CompanyESEntek SolutionsFournier Air Conditioning and Refrigeration: Operating CompanyFAFournier Air Conditio…Global Mechanical Services: Operating CompanyGMGlobal Mechanical Ser…Hays Service: Operating CompanyHays ServiceHurley Engineering: Operating CompanyHurley EngineeringIndustrial Engineering: Operating CompanyIEIndustrial EngineeringInsulation Fabricators Inc.: Operating CompanyIFInsulation Fabricator…Lima Company: Operating CompanyLCLima CompanyLippert Mechanical: PlatformLMLippert MechanicalMechanical Engineering & Construction Corporation: Operating CompanyMEMechanical Engineerin…Mercury Mechanical: Operating CompanyMMMercury MechanicalMeriton: PlatformMEMeritonMid-South Maintenance: Operating CompanyMSMid-South MaintenancePBI Supply Inc.: Operating CompanyPSPBI Supply Inc.Partners Group: Pe FirmPGPartners GroupPlains Mechanical Services: Operating CompanyPMPlains Mechanical Ser…PremiStar: PlatformPRPremiStarPrime Boiler Services: Operating CompanyPBPrime Boiler ServicesR.P. Fedder: Operating CompanyRPR.P. FedderRC Mechanical Services Corp.: Operating CompanyRMRC Mechanical Service…Reedy Industries: PlatformRIReedy IndustriesRefrigeration Solutions Inc.: Operating CompanyRSRefrigeration Solutio…Rensa Filtration: PlatformRFRensa FiltrationSmart Care Equipment Solutions: PlatformSCSmart Care Equipment …Source Refrigeration & HVAC: PlatformSRSource Refrigeration …Thermogenics Inc.: PlatformTIThermogenics Inc.
Operating CompanyPe FirmPlatform

Ownership

Ownership links are documented, evidence-gated edges, shown as reported by their sources. A verified mark denotes an independently corroborated edge; links shown as reported are drawn as their sources record them and are not independently corroborated. Naming a company is not an accusation against it. See our methodology and legal notes.

Market signals

Acquisition history

Acquisition timeline20162017201820192020202120222016 · Majority stake → CoolSys (formerly Source Refrigeration & HVAC)2016 · Majority stake → Source Refrigeration & HVAC2017 · Recapitalization → PremiStar (verified)2017 · Add-on acquisition → Certified Refrigeration and Mechanical, Inc.2019 · Majority stake → CoolSys (verified)2022 · Majority stake → Reedy Industries
6 recorded deals, 2016–2022verifiedunverified+1 undated (not shown)

Acquisition footprint

US acquired companies by state Alaska: no recorded acquired companies Alabama: no recorded acquired companies Arkansas: no recorded acquired companies Arizona: no recorded acquired companies California: 2 acquired companies Colorado: no recorded acquired companies Connecticut: no recorded acquired companies District of Columbia: no recorded acquired companies Delaware: no recorded acquired companies Florida: no recorded acquired companies Georgia: no recorded acquired companies Hawaii: no recorded acquired companies Iowa: no recorded acquired companies Idaho: no recorded acquired companies Illinois: 1 acquired companies Indiana: no recorded acquired companies Kansas: no recorded acquired companies Kentucky: no recorded acquired companies Louisiana: no recorded acquired companies Massachusetts: no recorded acquired companies Maryland: no recorded acquired companies Maine: no recorded acquired companies Michigan: no recorded acquired companies Minnesota: no recorded acquired companies Missouri: no recorded acquired companies Mississippi: no recorded acquired companies Montana: no recorded acquired companies North Carolina: no recorded acquired companies North Dakota: no recorded acquired companies Nebraska: no recorded acquired companies New Hampshire: no recorded acquired companies New Jersey: no recorded acquired companies New Mexico: no recorded acquired companies Nevada: no recorded acquired companies New York: no recorded acquired companies Ohio: no recorded acquired companies Oklahoma: no recorded acquired companies Oregon: no recorded acquired companies Pennsylvania: no recorded acquired companies Rhode Island: no recorded acquired companies South Carolina: no recorded acquired companies South Dakota: no recorded acquired companies Tennessee: no recorded acquired companies Texas: no recorded acquired companies Utah: no recorded acquired companies Virginia: no recorded acquired companies Vermont: no recorded acquired companies Washington: no recorded acquired companies Wisconsin: 2 acquired companies West Virginia: no recorded acquired companies Wyoming: no recorded acquired companies
  1. 1. California 2
  2. 2. Wisconsin 2
  3. 3. Illinois 1
1–4 5–14 15–39 40–79 80+ no recorded acquired companies
Where the brands Audax Private Equity acquired are headquartered, by US state. A count of targets, not a market-share claim.

Deals

Recapitalization Jan 2017
Verified

Audax Private Equity recapitalizes Reedy Industries (now PremiStar)

Audax Private Equity → PremiStar
Majority stake Jan 2016

Audax Private Equity acquires Source Refrigeration & HVAC from Arsenal Capital Partners

Audax Private Equity → CoolSys (formerly Source Refrigeration & HVAC)
Majority stake Jan 2016

Audax Private Equity acquires Source Refrigeration & HVAC from Arsenal Capital Partners

Audax Private Equity → Source Refrigeration & HVAC
Majority stake Mar 2019
Verified

Ares Management acquires CoolSys from Audax

Ares Management Corporation → CoolSys
Add-on acquisition Oct 2017

CoolSys (Audax PE) acquires Certified Refrigeration and Mechanical, entering Wisconsin

CoolSys → Certified Refrigeration and Mechanical, Inc.
Add-on acquisition

CoolSys acquires Certified Refrigeration and Mechanical (CRM)

CoolSys (formerly Source Refrigeration & HVAC) → Certified Refrigeration and Mechanical, Inc.
Majority stake May 2022

Partners Group acquires Reedy Industries from Audax Private Equity

Partners Group → Reedy Industries