Audax Group Announces the Acquisition of Silver State Materials.

BOSTON -- Audax Group today announced it has completed the acquisition of Silver State Materials, LLC ("Silver State"). Headquartered in Las Vegas, Nevada, Silver State is one of the largest providers of ready-mixed concrete and aggregates for residential and commercial construction in the Las Vegas market. Silver State operates four concrete plants in Clark County, Nevada, and an aggregate production facility in Boulder City, Nevada. President and Chief Executive Officer Steven D. Hill will continue to lead the management team.

Geoffrey S. Rehnert, Co-CEO of Audax Group, said, "We are knowledgeable about the ready mixed concrete industry, and we believe that Silver State, led by Steven Hill and his talented team, has a strong market position and should benefit from continued growth in the Las Vegas market."

Steven D. Hill, President and Chief Executive Officer of Silver State, said, "We are excited to have Audax Group as our new partner. Their experience investing in our industry will be an asset for us as we continue to grow our business organically and through add-on acquisitions."

Ropes & Gray LLP advised Audax Group. GSO Capital led a syndicate of banks providing senior and mezzanine debt financing.

ABOUT AUDAX GROUP

Audax Group, founded in 1999, is a leading investor in middle market companies. With offices in Boston and New York, Audax manages in excess of $2 billion in equity and mezzanine debt capital. For more information visit the Audax Group website http://www.audaxgroup.com.