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Audax Group Announces the Acquisition of CURT ManufacturingBOSTON --(Business Wire)-- Audax Group announced it has acquired CURT Manufacturing, LLC ("CURT"). Headquartered in Eau Claire, Wisconsin, CURT designs, manufactures, and distributes towing solutions and trailer and cargo management accessories for passenger vehicles and trucks. CURT sells its products through installer, distributor, e-commerce, retail, and auto dealer channels. Geoffrey S. Rehnert, Co-CEO of Audax Group, said "CURT is a leader in a growing segment of the automotive aftermarket. We look forward to working with Greg Hooks and the CURT team to grow the business organically and with acquisitions." Greg Hooks, CEO of CURT, said "We are excited to have Audax as our new partner Its 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 value." Kirkland & Ellis LLP served as counsel to Audax Group. BB&T Capital Markets advised CURT. BMO Capital Markets and GE Capital Corporation provided senior debt financing and BB&T Capital Partners provided junior debt financing. ABOUT AUDAX GROUP Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com. Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140312006312/en/ |
