Audax Private completed the acquisition of a majority stake in Solve Industrial Motion from Incline Equity Partners.

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.