Flagship
With more than a quarter century in the middle market, we’re purpose built to build better businesses.
Our Flagship strategy pursues control investments in North American middle market platforms. Investing out of Audax Private Equity’s $5.25 billion seventh Flagship fund, with an additional $1.5 billion of GP co-investment capital, we’re aligned to collaborate with management in pursuit of transformative strategic growth.
We have built a platform that brings large-cap infrastructure and resources to the middle market. Our evolution has focused on expanding capacity and capability to enable faster execution and more consistent outcomes with the agility and precision required to transform middle market companies into scaled, strategic assets.
Criteria
Transactions
Flagship Portfolio
We seek consistency in how we deploy capital and deliver distributions, and take an intentional approach around portfolio construction to diversify by industry and drive balanced deployment across the life of the fund.
Recent Investments
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AKAM
Founded in 1983, New York City-based AKAM is a property management and real estate firm that operates through three subsidiaries: AKAM, Orsid, and Metro Management.
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Keystone
Keystone advises organizations on the strategic, regulatory, and competitive implications of transformative technologies, including AI and digital platforms.
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ElevatePFS
Elevate Patient Financial Solutions is a leading provider of front-end eligibility and enrollment and back-end revenue cycle management (“RCM”) technology and services.
Lanter
Lanter Delivery Systems provides overnight, unattended delivery of OEM parts to automotive and agriculture dealerships, and other businesses with distributed facility footprints.
Recent Realizations
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StatLab Medical Products
StatLab is a leading manufacturer of pre-analytical products spanning the full anatomic pathology workflow, delivering high-quality products and expert service to laboratories and OEM customers.
Harbourfront Wealth
Harbourfront Wealth Group is an independent wealth advisory and investment management group of companies with a rapidly growing network of over 60 locations across Canada.
FDH Aero
FDH Aero is a leading global provider of supply chain solutions for the aerospace and defense industry serving OEM and aftermarket customers.
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Alliance Ground International
Alliance Ground International provides cargo, ground, mail handling, security, and hospitality services to both cargo carriers and passenger airlines.
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Colony Hardware
Colony Hardware is a direct-to-jobsite distributor of construction materials and jobsite supplies, with over 25,000 products, servicing specialty and general contractors.
Investment Criteria
We take a deliberate approach to scaling companies, expanding addressable markets, professionalizing systems and infrastructure, reducing customer or supplier concentration, and enhancing financial visibility. It starts when we partner with leading middle market companies, characterized by:
- Market-leading companies
- Established management teams
- High free cash flow conversion
- Sustainable competitive advantages
- Strong EBITDA growth prospects
