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New Deal


Announced

Completed

Audax Private Equity completed the investment in Congress Wealth Management.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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registered investment advisor

Majority

Domestic

United States

Asset Managers and Custodians

Acquisition

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Audax Private Equity, an alternative investment manager and capital partner to middle market companies, completed the investment in Congress Wealth Management, a Boston-based, independent registered investment advisor. Financial terms were not disclosed. “We are excited about the future and looking forward to partnering with Audax Private Equity to capitalize on the growth opportunities in front of our business,” Paul Lonergan, Congress Wealth Management Founder and CEO.

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