American Industrial Partners completed the acquisition of RelaDyne from Audax Private Equity.

American Industrial Partners, a private equity firm, completed the acquisition of RelaDyne, a distributor of packaged and bulk oils, lubricants, fuels, diesel exhaust fluid and reliability services, from Audax Private Equity, a private equity firm. Financial terms were not disclosed. "We are extremely excited to partner with CEO, Larry Stoddard, and the entire RelaDyne team. The Company has experienced remarkable growth since its formation in 2010, and together we will work to execute on our operating agenda and support future M&A," Joel Rotroff, AIP Partner.