Adhesive and sealant provider, Krayden, Inc., has been officially acquired by Audax Private Equity, an alternative investment manager and capital partner for North American middle market companies. The terms of the deal are not disclosed.
Krayden is a value-added distribution platform with longstanding supplier relationships and a solutions-focused technical sales team serving its customers across engineering-driven applications in aerospace and defense, electronics, and industrial markets.
The company enjoys long relationships with a blue-chip supplier base and provides mission-critical products to original equipment manufacturers (OEMs) who rely on Krayden’s suite of products for specialized, ‘no-fail’ applications.
“Krayden checks the most important criteria for us,” noted Don Bramley, senior managing director at Audax Private Equity. “The company is led by a talented management team with long-term supplier and customer relationships, which underscore Krayden’s value proposition as a technical distribution partner able to help customers solve challenges.”
The investment was sourced through Audax Private Equity’s Industrial Services & Technologies (IST) vertical, one of six core industry specializations. Since inception, Audax Private Equity has acquired more than 160 platforms and completed over 1,200 add-on acquisitions. Audax has significant experience in the specialty distribution and chemicals space with previous investments in Gabriel Performance Products, a specialty chemicals manufacturer sold to Huntsman Corp. in 2021, and KODA Distribution, a specialty chemicals distributor sold to Azelis Group in 2015.
“Audax Private Equity stood out as a preferred investor due to the firm’s deep experience in the distribution and specialty chemicals space as well as its proven buy-and-build approach to catalyze growth,” noted Wayne Wagner, CEO of Krayden. “We want to thank the team at Quad-C for their support and guidance over the previous five years. We’re excited about this next phase of growth and will leverage the resources available through Audax to accelerate our expansion efforts.”
Audax also controls multiple active investments in distribution, including EIS, a value-added distributor of advanced process materials to OEMs in critical industries, and GCG, a value-added distributor of connectivity and automation products and solutions.
“Krayden has an established track record of buying and successfully integrating add-on acquisitions,” noted Andrew Oliver, managing director with Audax Private Equity. “The strength of its relationships and diverse customer base positions Krayden as an acquirer of choice as management seeks to further scale the business and expand its product set.”