Audax Private Equity, an alternative investment manager and capital partner for North American middle-market companies, has acquired Krayden Inc., a stocking distributor.

Krayden offers products including sealants, adhesives, coatings, encapsulates, release agents, solder, solder chemicals, supplies and dispensing equipment for applications in aerospace and defense, electronics and industrial markets. The company boasts relationships with blue-chip suppliers and provides products to original equipment manufacturers.

“The strength of its relationships and diverse customer base positions Krayden as an acquirer of choice as management seeks to further scale the business and expand its product set,” states Andrew Oliver, managing director at Audax Private Equity.

Evercore Partners served as advisor to the sellers. Kirkland & Ellis served as legal counsel to Audax, while White & Case LLP served in the same capacity to Quad-C Management. Advancy provided strategy diligence support to Audax.