12/04/2012
Audax Group acquires Tri-ed / Northern Video Distribution
Boston, Ma (USA)
Steve Roth, Chairman of Tri-Ed / Northern Video Distribution, said “We are excited to have Audax Group as our new partner. Their success sourcing and integrating add-on acquisitions along with their distribution experience will be key resources for us as we continue to build Tri-Ed / Northern Video into a national player in the electronic security industry.”
Pat Comunale, President and CEO of Tri-Ed / Northern Video Distribution, said “This transaction positions Tri-Ed / Northern Video to build on our past success. Audax Group’s proven track record building middle market distributors into national leaders will be a great asset as we embark on our next stage of growth within this fragmented industry.”
Harris Williams & Co. advised Tri-Northern. Kirkland & Ellis LLP served as counsel to Audax Group. Bank of America provided senior debt financing and funds managed by Oaktree Capital Management, L.P. provided junior debt financing to support the transaction.
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has raised in excess of $5.0 billion of equity, mezzanine debt, and senior loan capital.