Audax Private Equity has acquired RelaDyne, a fuel and lubricant distributor, from the AEA Investors LP family office. Reladyne, based in Cincinnati, sells lubricants, fuel and diesel exhaust fluids, and it provides related services for industrial and commercial businesses in the U.S.
RelaDyne was formed in 2010 with the financial backing of AEA Investors, combining Mid-Town Petroleum Inc. of Bridgeview, Illinois; Oil Distributing Co. of Cincinnati, Ohio; the Hurt Co. Inc. of Houston; and Pumpelly Oil Company of Sulphur, Louisiana, and in 2014 it acquired Turbo Filtration Corp. Since its formation, RelaDyne has completed more than 20 acquisitions, and it now has more than 40 locations in 45 states and 22 countries. The distributor has more than 750 employees.