SJE Acquires Revere

Industrial

SJE, a portfolio company of Audax, acquisition of Revere


Summary

SJ Electro Systems, LLC ("SJE" or the "Company"), a portfolio company of Audax Private Equity ("Audax"), has acquired Revere Control Systems, Inc. (“Revere”). Terms of the transaction were not disclosed.

Baird served as financial advisor to SJE on this transaction.

About

SJE is a leading manufacturer of control solutions for the water and wastewater industry. The Company was founded in 1975 and is headquartered in Detroit Lakes, Minnesota.

Audax 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 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 seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.

Founded in 1980, Revere is an automation and electrical service platform providing capabilities from initial engineering and design through installation and commissioning, primarily for water and industrial applications. Revere has locations in Florida, Texas and North Carolina and is headquartered in Birmingham, Alabama.
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Industrial

SJE, a portfolio company of Audax, acquisition of Revere

Date
September 2024
Company
SJ Electro Systems, LLC
Transaction
M&A - Buyside
Sectors
Industrial
Verticals
Flow, Motion and Power Technologies
Test, Measurement & Automation
Target Geography
North America
Acquiror Geography
North America

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