Origins
Lower middle market focus, with the rigor, resources and track record to create scaled, strategic assets.
Our Origins strategy pursues control investments in North American lower middle market platforms. Investing out of the strategy’s $774 million debut fund, with an additional $300 million of GP co-investment capital, we can help founders and management teams efficiently scale and transform their companies to position the business for long-term growth.
A founder-friendly, collaborative partner, our Origins strategy builds on Audax’ legacy helping to transform and position lower middle market companies for accelerated and sustainable growth. Core to our approach is deep alignment with management and close collaboration to bring resources and strategy to bear that can translate into competitive advantages.
Criteria
Transactions
Partner for Growth
We look to meet business owners where they are, whether they’re seeking liquidity after a successful career or seeking a financial partner who can help them realize their vision for growth. Recent exits help to demonstrate how we seek to create value and drive accelerated growth.
Recent Realizations
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Enviromatic
Enviromatic Systems is a provider of essential facility services that designs, engineers, programs, and integrates mission-critical building management systems.
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Thermogenics
Thermogenics is a provider of industrial and commercial boiler service and maintenance across North America.
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Investment Criteria
Our systematic approach to value creation – enabling value through enhancing management teams and building out corporate infrastructure and creating value through organic and inorganic growth – seeks to position portfolio companies to succeed long after our investment. We look to acquire platforms characterized by:
- Niche, market leaders
- Established management teams
- Differentiated services
- Competitive positioning
- Operate in fragmented marketplaces
- Positioned to achieve benefits of scale

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