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Golub Capital Provides Credit Facility to Finance Audax Acquisition of RelaDyne

August 04, 2016, 07:14 AM
Filed Under: Distribution

Golub Capital announced that as administrative agent and joint lead arranger, it provided a senior credit facility to support the acquisition of RelaDyne, Inc. by Audax Private Equity.

RelaDyne, headquartered in Cincinnati, Ohio, is an industry-leading lubricant, fuel, and DEF distributor providing customers with integrated reliability management services for industrial and commercial businesses. RelaDyne's distribution platform spans more than 40 locations serving customers across the Central, Mid-Atlantic, and Southern U.S.

This marks the fifth transaction Golub Capital and Audax have completed together over the past year.

"We are thrilled to partner with Audax to support RelaDyne's impressive growth strategy and management," said Brian Crabb, Managing Director at Golub Capital. "We look forward to continuing to work alongside Audax on this and other opportunities."

"Golub Capital provided a deep understanding of the industry and our execution strategy, which provided us with confidence they would deliver an effective financing solution," said Mark Cordes, Managing Director at Audax.

Golub Capital's Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $300 million and is an arranger of credit facilities up to $750 million. Golub Capital's award-winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors' and portfolio companies' needs.

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies.  Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. 

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