BOSTON--(EON: Enhanced Online News)--Audax Private Equity (“Audax”) announced it has partnered with management to acquire Accent Food Services, LLC (“Accent”). Audax acquired Accent from Silver Oak Services Partners. Terms of the transaction were not disclosed.
“Accent is excited to be partnering with Audax for our next chapter of growth. Audax brings expertise and resources that we anticipate will help us continue to build upon our market leadership position by expanding beyond our current footprint through strategic acquisitions and growth initiatives.”
Accent, headquartered in Austin, Texas, is a leading provider of customized fresh food, snacks, and refreshment services to businesses, educational institutions, and property management companies. Accent supplies customized offerings for on-site micro markets, vending machines, and coffee and refreshment services, delivering a superior consumer experience and improved work environment efficiency. For more information, visit www.accentfoods.com.
Geoffrey Rehnert, Co-CEO of Audax, said, “Accent is a leader in the micro market, vending, and refreshment services industry. We look forward to working with Josh Rosenberg and the Accent team to continue building a leading platform through organic growth and add-on acquisitions.”
Josh Rosenberg, CEO of Accent, said, “Accent is excited to be partnering with Audax for our next chapter of growth. Audax brings expertise and resources that we anticipate will help us continue to build upon our market leadership position by expanding beyond our current footprint through strategic acquisitions and growth initiatives.”
Lincoln International served as financial advisor to Accent. Ropes & Gray LLP served as counsel to Audax.
ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 101 platform and 522 add-on 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. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website, www.audaxgroup.com.