Audax Group Announces the Acquisition of Affordable Interior Systems.BOSTON -- Audax Group announced it has completed the acquisition of Affordable Interior Systems, Inc ("AIS"). The senior management team of AIS, including Arthur Maxwell, Chairman and Co-Founder, and Bruce Platzman, Chief Executive Officer and Co-Founder, will continue to own a significant position and lead the company. Headquartered in Hudson, Massachusetts Hudson is a town in Middlesex County, Massachusetts, United States. The population was 18,113 at the 2000 census. For geographic and demographic information on the census-designated place Hudson, please see the article Hudson (CDP), Massachusetts. , AIS is a manufacturer of high quality, value-priced office systems furniture. Products include monolithic Single object. Self contained. One unit. and segmented panel systems, tile-based stacking panel systems, floor-to-ceiling systems, panel and beltline raceway systems, and panel systems. Geoffrey S Geoffrey (jĕf`rē), 1158–86, duke of Brittany (1171–86); fourth son of Henry II of England. Betrothed (1166) to Constance, heiress of Brittany, he was recognized as heir to the duchy in 1169 and succeeded to it on the death of her . Rehnert, Co-CEO of Audax Group, said "AIS is a growing, niche, value-priced office furniture manufacturer with world-class operations and customer support. We look forward to working with Arthur and Bruce and the rest of the team to grow the company organically and through strategic add-on acquisitions." Arthur Maxwell, Chairman and Co-Founder of AIS, said "We are excited to have Audax Group as our partner. Their experience sourcing and integrating add-on acquisitions will be valuable as we continue to build our business." Bruce Platzman, Chief Executive Officer and Co-Founder of AIS, said "The transaction positions AIS to build on our past success. Through our partnership with Audax, AIS will further expand product offerings, enhance marketing initiatives and invest behind manufacturing and sales support in the field." Ropes & Gray LLP LLP - Lower Layer Protocol advised Audax Group. Lane Berry & Co. International, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control advised AIS. Sankaty Bank provided acquisition financing and Citizens provided a working capital facility. 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 $3.7 billion of equity, mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. debt, and senior loan capital. For more information visit the Audax Group website www.audaxgroup.com |
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