Audax Private Equity (\u201cAudax\u201d) and GCX Mounting Solutions today
\nannounced the formation of a strategic partnership under which Audax acquired a majority stake in GCX. Terms of the
\ntransaction were not disclosed.<\/p>\n
Based in Petaluma, CA, GCX is the global leader in the design and manufacturing of healthcare-focused, mission-critical
\nequipment mounting and mobility solutions, including branded-arms, mounts, and roll stands. Products are engineered
\nfor reliability and quality and sold to medical device OEMs and directly to hospitals. GCX has a 50-year history of
\norganic growth and 330-plus employees worldwide, with offices in North America, Europe, Japan, and Taiwan.\n<\/p>\n
\u201cWe are very excited to be part of the Audax family and look forward to benefiting from their established history within
\nthe healthcare and medical device sector,\u201d said Del France, Chief Executive Officer of GCX. \u201cThe Audax model is a
\ngreat fit for GCX. Our customers, suppliers, and employees stand to benefit greatly from this partnership. This enables
\nthe next stage of growth for the organization through investment in customers, products, channel, and merger &
\nacquisition opportunities, all while retaining our core values and commitment to quality, service, and innovation.\u201d\n<\/p>\n
\u201cGCX is a longstanding leader in the healthcare-focused mounting and mobility solutions market, celebrating 50-plus
\nyears of success underpinned by commitment to quality, service, and innovation,\u201d said David Wong, Managing Director
\nof Audax.\n<\/p>\n
\u201cWe have acquired a set of products and capabilities that are best in breed, and an organization with an exceptional
\nculture. We believe that GCX is well positioned to execute on organic growth opportunities and complete strategic
\nacquisitions, and we look forward to partnering with Del and the team as GCX enters its next phase of growth,\u201d said
\nYoung Lee, Managing Director of Audax.\n<\/p>\n
William Blair & Company acted as financial advisor and Orrick, Herrington & Sutcliffe served as legal counsel to GCX.
\nRopes & Gray, LLP served as legal counsel, and Robert W. Baird & Co. and Stifel served as advisors to Audax.
\n<\/p>\n
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its
\nfounding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses.
\nAudax Private Equity has invested over $7 billion in more than 140 platforms and over 1,000 add-on companies, and is<\/p>\n","protected":false},"excerpt":{"rendered":"
Audax Private Equity (\u201cAudax\u201d)…<\/p>\n","protected":false},"author":2,"menu_order":0,"template":"","class_list":["post-107500","gcx_news_press","type-gcx_news_press","status-publish","hentry"],"acf":[],"yoast_head":"\n