Golub Capital Provides Senior Credit Facility To Finance Audax Private Equity’s Acquisition Of RelaDyne, Inc.
CHICAGO, Aug. 3, 2016 /PRNewswire/ — Golub Capital announced today that as Administrative Agent and Joint Lead Arranger, it provided a senior credit facility to support the acquisition of RelaDyne, Inc. by Audax Private Equity (“Audax”).
RelaDyne, headquartered in Cincinnati, Ohio, is an industry-leading lubricant, fuel, and DEF distributor providing customers with integrated reliability management services for industrial and commercial businesses. RelaDyne’s distribution platform spans more than 40 locations serving customers across the Central, Mid-Atlantic, and Southern U.S.
This marks the fifth transaction Golub Capital and Audax have completed together over the past year.
“We are thrilled to partner with Audax to support RelaDyne’s impressive growth strategy and management,” said Brian Crabb, Managing Director at Golub Capital. “We look forward to continuing to work alongside Audax on this and other opportunities.”
“Golub Capital provided a deep understanding of the industry and our execution strategy, which provided us with confidence they would deliver an effective financing solution,” said Mark Cordes, Managing Director at Audax.
About Golub Capital Middle Market Lending
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $300 million and is an arranger of credit facilities up to $750 million. Golub Capital’s award-winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors’ and portfolio companies’ needs.
Golub Capital is a nationally recognized credit asset manager with over $18 billion of capital under management. For over 20 years, the firm has provided credit to help medium-sized U.S. businesses grow. The firm’s award-winning middle market lending business helps provide financing for middle market companies and their private equity sponsors. Golub Capital’s credit expertise also forms the foundation of its Late Stage Lending and Broadly Syndicated Loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling finance solutions, and we believe this has inspired repeat clients and investors. Today, the firm has over 300 employees with lending offices in Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.
About Audax Private Equity
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website www.audaxgroup.com.
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SOURCE Golub Capital
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