Audax Private Equity completed the acquisition of Covercraft from Century Park Capital.

Audax Private Equity, an alternative investment manager with offices in Boston, New York, and San Francisco, completed the acquisition of Covercraft, a manufacturer of custom vehicle protection products, from Century Park Capital, a Los Angeles-based private equity group. Financial terms were not disclosed. "The Lichtmann family started Covercraft with a focus on creating the best vehicle protection products possible – and did so with a huge emphasis on integrity and quality. Century Park was an outstanding partner and well-aligned to build on that foundation: opening up the direct-to-consumer channel, expanding into new segments like RV and marine, and further growing the seat cover category. By tapping into the skills and dedication of the people on the Covercraft team, we have added to the legacy of a company that stands for protecting the things that move our customers. I’m terrifically proud of what we’ve accomplished and look forward to taking the next steps on our future path with our new partners at Audax," Matt Jordan, Covercraft CEO.