Audax Private Equity, a division of Audax Group, has completed its 500th transaction, a small add-on deal made by portfolio company Advanced Dermatology & Cosmetic Surgery (ADCS). The addition of Dermatology of Northern Colorado marks the 31st acquisition ADCS has made since Audax bought the physician group in 2011.
“Buy and build is the central theme of our investment strategy,” says Geoffrey Rehnert, co-CEO of Audax Group, which was founded in 1999. The Boston firm’s private equity division backs companies in the lower middle market in sectors, including industrial manufacturing, distribution and health care. The firm has become adept at building strategic assets out of small and medium-sized companies. To date, Audax has invested more than $3 billion in 88 platforms and 412 add-on acquisitions.