Audax Group Announces the Acquisition of A&A Manufacturing.BOSTON -- Audax Group announced it has acquired a control position in A&A Manufacturing Company, Inc. ("A&A"). Headquartered in New Berlin, Wisconsin New Berlin is a city in Waukesha County, Wisconsin, United States. The population was 38,220 at the 2000 census. The city was named for New Berlin, New York. There being five other New Berlin's in the United States, New Berlin, Wisconsin is the largest New Berlin in population, , A&A is a leading designer and manufacturer of highly engineered and customized protective systems such as accordion bellows and way covers, which are used to safeguard components, equipment, and people. End-markets include mobile equipment, automation, machine tool, transportation, and medical equipment. James D. O'Rourke, President and Chief Executive Officer of A&A, will maintain significant ownership of the business and continue to lead the management team. Geoffrey S. Rehnert, Co-CEO of Audax Group, said, "A&A has developed a strong position in a fragmented industry serving a variety of niche end markets. We look forward to working with Jim O'Rourke and his team to grow the business organically and through add-on acquisitions." James D. O'Rourke, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of A&A, said, "This is an exciting transaction for the employees and shareholders of A&A. I am confident Audax' strong track record of working with family owned businesses will be an asset as we embark on the next stage in the company's growth." Ropes & Gray LLP LLP - Lower Layer Protocol advised Audax Group. Robert W. Baird Robert Wilson Baird (born April 1, 1883) helped found the financial services firm that bears his name and led it for more than 40 years. Baird’s father was a professor of Greek literature at Northwestern University in Evanston, Illinois, where Baird grew up. & Company, Inc. advised A&A. GE Antares Capital led a syndicate of lenders providing senior and mezzanine debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay . ABOUT AUDAX GROUP Audax Group, founded in 1999, is a leading investor in middle market companies. With offices in Boston and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Audax manages in excess of $2.5 billion in equity and mezzanine debt capital. For more information visit the Audax Group website http://www.audaxgroup.com. |
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