Audax Private Equity acquired EIS.

Audax Private Equity acquired EIS, a leading distributor, fabricator, and converter of electrical process materials, wire, cable and assemblies serving end-user segments in electrical power and related markets. Financial terms were not disclosed. "We believe EIS is a quality organization with an experienced management team, loyal customer base, strong partnerships and a proven M&A platform that will complement our portfolio of industry leading companies. Audax will seek to provide the expertise and resources to support the EIS leadership team as it continues to broaden its customer base, pursue strategic acquisitions, and enhance service and support programs for the benefit of all EIS stakeholders.” Don Bramley, Managing Director, Audax Group.