Audax Group has sold A-D Technologies to CHS Capital
Audax Group has completed the sale of A-D Technologies to CHS Private Equity V LP, a fund managed by CHS Capital.
Headquartered in Knoxville, Tennessee, and operating worldwide under the flagship Dura-Line brand, A-D Technologies is a leading global manufacturer and distributor of extruded HDPE duct, pipe, and conduit products for telecom, power utility, and infrastructure end markets. Audax formed A-D Technologies in March 2007 through the simultaneous acquisitions and merger of ARNCO Corporation and Dura-Line Corporation. Subsequent greenfield expansions in India and Oman, coupled with the January 2011 acquisition of BoreFlex Industries, helped build the company into a global leader in the HDPE conduit market.
Moelis & Company LLC and Lincoln International advised A-D Technologies.
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 raised in excess of $5.0 billion of equity, mezzanine debt, and senior loan capital. For more information visit the Audax Group website www.audaxgroup.com.
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