Audax Private Equity and Lovell Minnick Partners completed the investment in Fortis.

Audax Private Equity and Lovell Minnick Partners, two private equity firms, completed the investment in Fortis, a payments technology company for software providers. Financial terms were not disclosed. “When we first invested in Fortis in 2019, we were drawn to the founders’ vision and the strength and capabilities of the company’s technology. We’re pleased to offer both financial and operational support to advance the company’s mission of offering an unparalleled, holistic commerce experience to its customers,” Trevor Rich, LMP Partner.