Audax Private Equity

2025 has so far marked a busy year in terms of new investments, in executing on the Audax Value Agenda seeking to drive organic and inorganic growth, and in securing exits to crystallize value for our investors. We’re proud to see this activity reflected in the US 250 report from Gain.pro. The full report can be found here: https://lnkd.in/e5RmHkH9 DISCLAIMER AND METHODOLOGY: The aforementioned ranking should not be considered an endorsement of Audax or its funds by the authors or distributors of the rankings or honors; the ranking is not necessarily representative of any one client’s experience with Audax; and is not necessarily indicative of Audax’ future performance. This ranking is not intended to be a recommendation or investment advice, and do not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Gain.pro’s ranking is based on total managed enterprise value (EV) in the US. Gain.pro, tracks over 16,800 investor portfolios in detail. To estimate the managed enterprise value (EV), Gain.pro estimates the EV for each asset in an investor’s portfolio. They begin with the last reported deal value, where publicly available. If it's not available, they estimate the EV by multiplying EBITDA by the predicted exit multiple. The total EV is then aggregated at the investor level. Gain.pro scales the last reported deal value by a growth multiplier to estimate its current holding value. They then adjust EV for the investor's estimated ownership share in an asset. Where there aren't reported deal figures or financials, Gain.pro estimates them using the asset's revenue, subsector margins, and revenue/FTE calculations. To predict exit multiples, they consider an asset's sector, size, growth rate, margin profile, and cash generation. Their ranking is limited to US-headquartered portfolio companies in which PE firms hold either majority (buy-out) or minority stakes. They exclude venture capital (VC) investments and publicly listed stakes. Additionally, Gain.pro includes only active investors in the ranking with i) 5 or more portfolio companies in the US; ii) 5 or more entries since 2019. For the sector and regional rankings, Gain.pro includes investors with i) 3 or more portfolio companies in that sector/region; ii) 2 or more entries in that sector/region since 2019. Unless otherwise stated, all metrics and calculations are based solely on an investor's US portfolio. For more information about the US 250 ranking, please refer to the report found here: https://lnkd.in/e5RmHkH9

Last week, Audax Private Equity’s Co-President, Young Lee, spoke on a panel at the Milken Institute’s Asia Summit 2025 in Singapore, discussing the transformative influence of AI and automation on Korea and its position in the global landscape. 

Audax Private Equity employees spent the morning volunteering at Women's Lunch Place (WLP), an organization that we think provides meaningful and impactful volunteer experiences. This marks the ninth time Audax employees have volunteered with WLP since 2022, reflecting our ongoing commitment to supporting WLP’s mission. In Fall 2022, WLP received their first grant from the Audax Charitable Foundation to support their wellness programs.

Audax Private Equity’s Young Lee and Keith Palumbo contributed thought leadership in the latest issue of Private Equity International as part of the publication’s Operational Excellence special report. The piece outlines how our Buy & Build approach has evolved over the past 25 years to form a more comprehensive Value Agenda, which encapsulates our efforts collaborating with our portfolio companies to try to create, enable and protect value. The piece helps to demonstrate not only how we look to invest in and build out portfolio company operations, but also the investments we’ve made in our own organization, purpose built to effect our strategy and deliver what we believe is a differentiated approach to value creation. Click through the graphic below to learn more, or the article can be found here (subs req’d): https://lnkd.in/eMwa7nnK Disclaimer: Views expressed are those of the authors as of the date of this publication and subject to change. References to “value protection” or similar language do not guarantee against loss of capital. This information should not be considered as an offer to sell or a solicitation of an offer to buy, any security nor shall this constitute investment advice or an inducement or incitement to participate in any product, offering or investment. Any such offering may be made only by the private placement memorandum that will be furnished to qualified investors on a confidential basis at their request for their consideration in connection with any such offering. 

We’re thrilled to share that Audax Private Equity has received an Honorable Mention in Mergers & Acquisitions 2025 “Best Places to Work” in Private Equity. We want to thank the award organizers. We believe this recognition underscores our ongoing commitment to investing in our team, fostering a strong culture centered around operational excellence, and speaks to the pride we take collectively in helping our portfolio companies. Even as we’ve grown, our focus on apprenticeship and mentorship is as strong as when Audax’ co-founders launched the firm more than 25 years ago. The full coverage can be found here: https://lnkd.in/gX3E2inQ (Subs Req’d)   DISCLOSURES: The aforementioned award program should not be considered an endorsement of Audax or its funds by the authors or distributors of the rankings or honors; the recognition is not necessarily representative of any one client’s experience with Audax; and is not necessarily indicative of Audax’ future performance. These awards are not intended to be a recommendation or investment advice, and do not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. The recognition was awarded on September 9, 2025, and is based on initiatives and achievements from the 12 months preceding the submission in June, 2025. No compensation was paid in connection with being considered for this award. However, a licensing fee was paid following selection for the award. To learn more about Mergers & Acquisitions’ methodology, please refer to their website, found here: Honors — Mergers & Acquisitions or for additional disclosures around awards and recognition, please visit here: https://lnkd.in/ewQzunvY

Audax Private Equity Managing Director David Santoni participated in a panel at the Cascadia Connect Services Conference in Austin. He shared insights with middle market services companies on what he believes makes a strong platform investment for private equity in the services sector.

Audax Private Equity’s Young Lee is speaking on a panel at the Milken Institute’s Asia Summit 2025 in Singapore next week, exploring how AI, global trade, and the U.S. middle market can fit into the investment strategies of Asia’s institutional investors. We’re particularly excited to share our perspective on AI, an area where the firm has made considerable investments to help execute the Audax Value Agenda™. For further details or for those interested in attending, you can request an invite here: https://lnkd.in/ggz9aj-r

Thank you to everyone who joined Audax Private Equity at SuperReturn Asia! Our attendees David Wong, Andrew Oliver, and Dina Shin enjoyed sharing details around the Audax Value Agenda™ and why we think our approach to a Buy & Build strategy can position us to deliver operational excellence and strategic growth. We thoroughly enjoyed seeing old friends, forging new relationships, and all of the meaningful conversations in and around the event. 

Congratulations to SJE Inc. on its latest deal. The addition of AMI Global adds a provider of scalable remote monitoring solutions for water & industrial applications and represents SJE’s sixth acquisition since 2021.

We’re excited to be selected among those on the shortlist for the Performance of the Year category in this year’s Private Equity Wire® #USAwards2025! We want to thank the award organizers for the recognition. We're looking forward to the selections at November’s Private Capital US Summit. DISCLOSURES: The aforementioned award program should not be considered an endorsement of Audax or its funds by the authors or distributors of the rankings or honors; the recognition is not necessarily representative of any one client’s experience with Audax; and is not necessarily indicative of Audax’ future performance. These awards are not intended to be a recommendation or investment advice, and do not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. The recognition was published on September 8, 2025 and based on available performance data as of the submission date in July 2025. No compensation was paid in connection with being considered for this award. To learn more about Private Equity Wire’s methodology, please refer to their website, found here: https://lnkd.in/eqn5yxQB or for additional disclosures around awards and recognition, please visit here: https://lnkd.in/ewQzunvY