Audax Group Announces the Acquisition of Victor Oolitic Stone Company.

BOSTON -- Audax Group today announced it has completed the acquisition of Victor Oolitic Stone Company ("Victor"). Founded in 1898, Victor's operations span 2,400 acres in Bloomington, Indiana. Victor is the largest raw material supplier of dimensional limestone including blocks, slabs, and sills in North America. The company's products, known for their high quality, consistent color and uniform workability, are used in the construction of large commercial, institutional, educational, and government buildings, as well as high-end residences. Existing management will continue to lead the company. John L. Edgeworth, previously Vice President of Victor, has assumed the role of President and Chief Executive Officer. Harry L. Edgeworth, previously Director of Operations, has assumed the role of Chief Operating Officer. Victor is the tenth acquisition Audax has completed in 2005.

Geoffrey S. Rehnert, Co-CEO of Audax Group, said, "Victor Oolitic is a market leader that has grown consistently and generated strong cash flow over a long period of time. We are excited to work with existing management to continue to grow the company and broaden the end market applications for the product."

Ropes & Gray LLP advised Audax Group. Senior financing was provided by First Indiana Bank, N.A. and second lien financing was provided by Freeport Financial LLC. Brown Gibbons Lang & Company advised the company.

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 $1.5 billion in equity and mezzanine debt capital. For more information visit the Audax Group website http://www.audaxgroup.com.