Announced
Completed
Financials
Tags
Private Equity
Electronic Equipment: Other
Friendly
electric power transmission components
Private
Single Bidder
Acquisition
Domestic
United States
Completed
Majority
Synopsis
Audax Private, a provider of financial services, completed the acquisition of a majority stake in Solve Industrial Motion, a provider of high-quality power transmission components and industrial-grade bearings, from Incline Equity Partners, a private equity firm. Financial terms were not disclosed. “Today’s milestone affirms our strong go-to-market strategy and brand evolution. With Audax’ support, knowledge, and expertise, we hope to drive further global expansion into the broader power transmission and electric motion markets. We are excited to begin this next chapter of growth," Lisa Mitchell, Solve CEO.
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