BOSTON, MA – September 17, 2014 – Audax Group announced it has acquired Chase Industries, Inc. (“Chase Doors”) from Sentinel Capital Partners. Headquartered in Cincinnati, Ohio, Chase is a leading manufacturer and distributor of customized doors, including traffic, corrosion resistant, PVC, strip, cold storage, fire, and sliding doors. Founded in 1932, Chase Doors offers superior design and engineering processes, as well supporting the development of green product innovations. Chase Doors’ family of brands includes Chase™, Chem-Pruf™, ColdGuard™, Econo Max™, Eliason™, Fib-R-Dor™, Saino™, and Simon™.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said “Chase Doors is a manufacturer of customized doors with an unparalleled reputation in the market. We look forward to partnering with Jeffrey Stark and the rest of the Chase team to grow the business organically and through strategic add-on acquisitions.”
Jeffrey Stark, CEO of Chase Doors, said “We are excited to have Audax as our new partner. The firm’s track record of sourcing and integrating add-on acquisitions will enhance our ability to grow, while continuing to build on our brand’s reputation of market-leading quality and value.”
Houlihan Lokey and Kirkland & Ellis LLP advised Chase. Ropes & Gray LLP and Fredrikson & Byron P.A. served as counsel to Audax Group. Golub Capital provided financing for the transaction.
ABOUT AUDAX GROUP
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston, New York and Menlo Park, Audax has over $6 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website http://www.audaxgroup.com.