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Audax Private Equity Acquires Justrite Manufacturing Company

   2019-12-26 2880
BOSTON--(BUSINESS WIRE)--Audax Group today announced that it has partnered with management to acquire Justrite Manufacturing Company, a leading manufacturer of industrial safety products for regulated and critical safety environments. Terms of the transac
BOSTON--()--Audax Group today announced that it has partnered with management to acquire Justrite Manufacturing Company, a leading manufacturer of industrial safety products for regulated and critical safety environments. Terms of the transaction were not disclosed.

“Justrite Manufacturing is a recognized leader in the industrial safety products market. We look forward to supporting Mark McElhinny and the entire Justrite team to continue growing the business organically and through acquisitions.”

Justrite, headquartered in Des Plaines, Illinois, is a leading, globally recognized industrial safety platform providing unparalleled technical expertise, unmatched service, and differentiated products. The Company offers one of the broadest suites of safety products for regulated and critical safety environments, including safety cabinets, safety cans, environmental and spill containment offerings, and outdoor safety storage buildings and lockers. Justrite’s products help ensure customers’ compliance with regulatory standards, including the storage, transfer, use and disposal of flammable, hazardous, and environmentally harmful materials. 

Geoffrey S. Rehnert, Co-CEO of Audax Group, said “Justrite Manufacturing is a recognized leader in the industrial safety products market. We look forward to supporting Mark McElhinny and the entire Justrite team to continue growing the business organically and through acquisitions.”

Mark McElhinny, President & CEO of Justrite Manufacturing, said “We’re excited to partner with Audax as we continue to build the Justrite industrial safety platform. Audax’ resources will help us accelerate our growth as we expand into new geographies, end markets, and product lines.”

Lincoln International advised Justrite Manufacturing and Baird Capital. Kirkland & Ellis served as counsel to Audax Group.

about AUDAX GROUP

Audax Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax has over $6 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses.


 
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