Deal Details

Rensa Is Acquired by Audax

Industrial

Rensa, a portfolio company of Edgewater and Duchossois, acquisition by Audax

Summary

Rensa Filtration, Inc. (“Rensa” or the “Company”), a portfolio company of The Edgewater Funds (“Edgewater”) and Duchossois Capital Management (“Duchossois”), has been acquired by Audax Private Equity (“Audax”).

Baird served as the exclusive financial advisor to The Edgewater Funds and Duchossois Capital Management on this transaction.

About

Rensa Filtration, Inc. is a family of companies manufacturing consumable, mission-critical air filtration products. By investing in innovation and the people that drive it, Rensa manufactures best-in-class solutions that keep environments safe and industries thriving. The Company was founded in 2017 by industry veteran Brandon Ost and private investment partners. Rensa is headquartered in Chicago, Illinois.

The Edgewater Funds is a private equity firm focused on investing in middle-market companies, with over $2.8 billion of capital commitments raised since 2001. Edgewater is headquartered in Chicago, Illinois.

Duchossois Capital Management is a privately held, family-owned investment company that creates long-term value by applying the extensive industry knowledge, operational expertise and permanent capital base developed over ten decades as a family business to a variety of investment opportunities. Duchossois is headquartered in Chicago, Illinois.

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $9 billion in 150 platforms and over 1,100 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.

Industrial

Rensa, a portfolio company of Edgewater and Duchossois, acquisition by Audax