Woodbridge Closes Portfolio Add-on Deal with Audax Group
April 3, 2012
New Haven, Connecticut – April 3, 2012 – Woodbridge International is pleased to announce the sale of its client, Satin American Corporation (SAC), a premier re manufacturer of electrical equipment, as an add-on acquisition to RELECTRIC Supply Company, an Audax Group portfolio company.
Based in Shelton, Connectiuct and in business since 1920, Satin American supplies utility, industrial, commercial and public sector customers with re manufactured circuit breakers, switchgear and motor controls. RELECTRIC Supply, based in San Jose, California, is a national supplier of new and reconditioned used and obsolete circuit breakers, electrical distribution and control equipment.
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. Audax focuses on building companies with leading market positions and superior management teams.
Woodbridge has recently closed deals on behalf of sellers and buyers based in North America, Europe, Latin America and Asia. Woodbridge’s unique approach to selling companies has succeeded for many different types of businesses, including service providers, retailers, manufacturers and distributors.
Woodbridge Group LLC, d/b/a Woodbridge International, was founded in 1993 and is an innovative middle-market M&A firm headquartered in New Haven, CT. The firm serves clients from its nine North American offices and locations in the Netherlands, Mexico, Argentina, Brazil and Honduras.