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Acquisitions Number of Acquisitions 4 CMS Nextech has acquired 4 organizations. Buyer Type (PE or Strategic) Deal Size ($10M to $10B+) Sector (60 Sectors) Deal Type Geography For more information, visit the Audax Private Equity website at www.audaxprivateequity.com or follow us on LinkedIn. Select Accept to consent or Reject to decline non-essential cookies for this use. Blue River is a middle market merger and acquisition advisory firm with deep experience representing buy-side and sell-side clients, spanning a broad array of industries. Audax Private Equity congratulates Nextech on its latest add-on, the acquisition of Service Specialists. Over the years, their success has been attributed to high-performance quality, outstanding service, and several successful acquisitions. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Patriot Mechanical is a provider of HVAC repair and maintenance services, such as heating, air conditioning, plumbing, and refrigeration in commercial and residential applications. Kofile is a provider of information management and access systems solutions for government agencies nationwide. Audax Private Equity is a part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management. ", "Medi-Weightloss represents a prototypical deal for our Origins strategy, which builds on Audax historic focus in the lower middle market," added Keith Palumbo, Managing Director at Audax Private Equity. We want to extend our deepest gratitude to our sponsors, donors, employees and all participants who took part. They may not be representative of any one clients experience with Audax and are not necessarily indicative of Audax future performance. CMI Mechanical HVAC and Refrigeration acquired by CMS Nextech - Crunchbase Were honored to be short-listed in the Performance category of the Private Equity Wire US Awards 2023. When you partner with CMS Nextech you are joining the largest independent self-performing commercial HVAC/R service provider in the United States! The Company also sells a line of proprietary nutritional supplements, healthy-food products and vitamins that treat comorbidities caused by obesity. Lorem ipsum dolor sit amet, consectetur adipiscing elit. This is Audax Private Equitys 13th transaction in Texas. . Learn more in our Cookie Policy. Feb 6, 2023. Buzz Franchise Brands is co-investing alongside Audax as a minority-stake partner. Ropes & Gray LLP served as legal counsel to Audax and Quarles & Brady LLP served in the same capacity to the Company. Joseph E. Hass - Chief Executive Officer - CORE, a CMS Nextech - Audax PE Hub Audax-backed CMS Nextech makes two acquisitions . Arctic HVAC/R Services is the leading HVAC/R service provider in the Las Vegas area. Learn more here: https://lnkd.in/eFSr8NCZ, Audax Private Equity congratulates Rensa Filtration Filtration on its recent hire, the appointment of Matt Fortuna as the President of its Custom Filter subsidiary. Since its inception in 1999, Audax Group has found success by investing in niche market leaders where there is an opportunity to build value through consolidation. CMS Nextech - Funding, Financials, Valuation & Investors - Crunchbase Blue River and Tobin are not affiliated. "Medi-Weightloss differentiates itself a number of ways," noted Edward Kaloust, founder and board member of Medi-Weightloss. "In addition to strategic initiatives focused on enhancing Medi-Weightloss current patient outcomes and unit performance, we see a compelling opportunity to expand the Companys geographic footprint through new franchise growth and acquisitions that will expand access to care for an underserved and growing patient population.". Mergers & Acquisitions Audax-Backed CMS Nextech Purchases CMI Mechanical . Kofile provides restoration, preservation, and digitization services for critical government records, as well as cloud-native software solutions for digital records management and citizen engagement. CMS Nextech is proud to announce the acquisition of Aire Rite, a California based air conditioning and refrigeration company that provides a broad range of comprehensive services throughout all of Southern California for more than 50 years. nnntntCMS Nextech is seeking strategic acquisitions to further strengthenour national self-performing HVACR service area.ntnnIn 2020, after over 25 years of family ownership, CMS Nextech partnered with Audax Group, accelerating our growth and enhancing our ability to provide industry-leading commercial HVACR maintenance services for our customers and employees. Audax Private Equity Acquires CMS Nextech - Mergr News Nov 17, 2021. The Firm segments its activities into lower middle-market and larger scale investing. Continue reading, Aire Rite Joins CMS Nextech CMS Nextech is proud to announce the acquisition of Aire Rite, a California based air conditioning and refrigeration company that provides a broad range of comprehensive services throughout all of Southern California for more than 50 years. Medi-Weightloss represents the second investment completed by Audax Private Equitys lower middle market Origins strategy. CMS Nextech CMS Nextech is an independent self-performing HVAC-R service provider . BOSTON & TAMPA, Fla., November 28, 2022 -- ( BUSINESS WIRE )--Audax Private Equity ("Audax") announced the acquisition of Medi-Weightloss, Inc. ("the Company"), a leading operator of science-based . Zach Rollins - Operations Manager - CMS Nextech | LinkedIn Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts. For instance, a two-year study demonstrated that the diet and intensive lifestyle and behavioral programs offered by Medi-Weightloss reduced the prevalence of metabolic syndrome by 45% in 13 weeks and by 73% over 52 weeks. Disclaimer: Awards and recognitions should not be considered an endorsement of Audax or its funds by the authors or distributors of the rankings or honors. The acquisition Discover more acquisitions . Arctic Services was founded in 2006 and is based in Henderson, Nevada. Franchised clinics account for approximately 80% of Medi-Weightloss total locations. Learn more here: https://lnkd.in/g6jWjYfc. Audax Group | Overview The Company provides comprehensive support to its base of professional franchisees, ranging from compliance and regulatory oversight to other support functions, such as advanced staff training, IT, quality assurance, franchise-performance consulting, and advertising and marketing. audixas endorsed a mod 'OK Boomers'. Try For Free Feb 20, 2023. "Our customized programs, tailored to the specific conditions of each individual, are developed by physicians board-certified to treat obesity. The Deal CMS Nextech ("CMS"), a portfolio company of Audax Private Equity ("Audax"), has completed the acquisition of Aire-Rite. Vote here: https://lnkd.in/eAUqpGyt With operations in Tel Aviv, Israel, and San Francisco, Indeni provides security infrastructure-monitoring software and enhances BlueCat's core network-monitoring capabilities. Headquartered in Tampa, Florida, Medi-Weightloss offers customized weight-loss programs designed to address obesity and other related diseases, including heart disease, stroke, type-2 diabetes and other specific conditions generally covered by commercial insurance payors. Audax Private Equity congratulates CMS Nextech on its acquisition of CMI Mechanical HVAC and Refrigeration. DegreeOne is a leading nationwide HVAC, Refrigeration, and high-end food service equipment maintenance and repair service company headquartered in the Chicago, IL area. Kofile was founded in 2009 and headquartered in Dallas, Texas. Thinking of taking your company to the next level of growth and services? PE Hub Audax-backed CMS Nextech makes two acquisitions . Footer menu. The powerful open-source mod manager from Nexus Mods. CMS Nextech Acquires Arctic Services | Mergr M&A Deal Summary Learn more here: https://lnkd.in/gYgQ2uZJ. CMS Nextech, a commercial heating, ventilation, air conditioning and refrigeration (HVAC/R) provider and portfolio company of Audax Private Equity, has acquired Aire-Rite, an HVAC/R business operationthat offers repair, maintenance and installation. We desire to join with other management . The Audax Private Equity team took the time to understand our business. Learn more here: https://lnkd.in/gtkyTjRK, The Audax Charitable Foundation hosted its 2nd Annual Golf & Pickleball Fundraising Event on July 24th. Fallout 4: Game of the Year released on GOG. Patriot Mechanical was founded in 2007 and is based in Gorham, Maine. Click here to read more. This is CMS Nextechs 1st transaction in Nevada. Audax Private Equity | Nextech | Portfolio #ThankYou #PrivateEquity Try For Free News Nov 17, 2021. Unlock even more features with Crunchbase Pro . CORE, a CMS Nextech - Audax Private Equity Sponsored Company Mar 2012 - Present11 years 6 months Houston, Texas Area Our company story. Disclaimer: Awards and recognitions should not be considered an endorsement of Audax or its funds by the authors or distributors of the rankings or honors. People need these services more than ever and its exciting to think about how many more people we will be able to help. This is CMS Nextechs 2nd transaction in the Business Services sector. DegreeOne will benefit from the alignment with new technician resources and support, improved processes, and additional business opportunities.DegreeOnes company roots can be traced back as far as the 1920s with multiple generations of owners. With more than 360 employees and over 150 investment professionals, the firm is a leading capital partner for North American middle market companies. Read more here: https://lnkd.in/gawV-itw, ICYMI: Elevate ENT Partners continues to build out its presence in Florida through its latest add-on, the acquisition of Vero ENT Associates. Patriot Mechanical was founded in 2007 and is based in Gorham, Maine. The CMS Nextech has been sold to Audax Private Equity Client: CMS Nextech Client Country: United States Target: CMS Nextech Target Country: United States Acquirer: Audax Private Equity Acquirer Country: United States The Firm segments its activities into lower middle-market and larger scale investing. Patriot Mechanical is a provider of HVAC repair and maintenance services, such as heating, air conditioning, plumbing, and refrigeration in commercial and residential applications. Blogs. Through their 9 successfully acquired companies, they provide self-performing coverage in 43 states. ACQUISITIONS 3 - Nextech ACQUISITIONS - Nextech This acquisition furthers CMS's geographical footprint while bolstering its technician density and allowing the company to service a wider customer demographic. With the addition of Brines Refrigeration, we will fortify our technician density and Nationwide coverage with our 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. Corepoint Health is a provider of an internal and external health data integration and exchange for hospitals, radiology centers, laboratories, and clinics. Blue River Financial Group has advised CMS Nextech, leading provider of commercial HVAC repair, maintenance, and installation services, and portfolio company of Audax Private Equity, on the recent acquisition of Aire Rite. Audax-backed CMS Nextech makes two acquisitions | PE Hub Continue reading. This is Audax Private Equitys 124th transaction in the United States. Since its founding in 1999, the firm has invested over $9 billion in more than 150 platforms and over 1,100 add-on companies. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Audax Private Equity Acquires Krayden Inc. | Business Wire Audax Private Equity partners with management teams of established, market-leading companies who have the vision and desire to create much larger entities through acquisition and organic growth. audixas changed some attributes to True . CMS Nextech acquires Patriot Mechanical - 2021-11-17 - Crunchbase Learn more here: https://lnkd.in/g6jWjYfc. Try For Free DegreeOne is a leading nationwide HVAC, Refrigeration, and high-end food service equipment maintenance and repair service company headquartered in the Chicago, IL area.The merger took effect in July 2022 and will provide CMS Nextech with over 400 additional technicians, and expanded coverage in key self-performing states such as California, Arizona, Washington, and Connecticut among several others. It is with great excitement that we announce that DegreeOne has recently merged with CMS Nextech. BOSTON & TAMPA, Fla., November 28, 2022--(BUSINESS WIRE)--Audax Private Equity ("Audax") announced the acquisition of Medi-Weightloss, Inc. ("the Company"), a leading operator of science-based, physician-supervised weight-loss and wellness clinics, with approximately 100 franchised and company-owned locations nationally. Copyright 2023 Black Tree Gaming Ltd. All rights reserved. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. With the addition of Service Specialists, we will have greater technician density and increased coverage with our growing service presence in Wisconsin, said John Gelp, CEO of Nextech. If you are interested in a career with unlimited opportunities for growth and advancement, please contact us. Blue River Advises CMS Nextech on Acquisition of Aire Rite To learn more, visit the company website at www.mediweightloss.com, View source version on businesswire.com: https://www.businesswire.com/news/home/20221128005016/en/, Audax Private EquityJulie RudnickFGS Globalaudax@fgsglobal.com, This "Japan's hair growth gel" is hot-selling at W, Top 10 Roles and Salaries Revealed in Singapore, https://www.businesswire.com/news/home/20221128005016/en/. Site news (important news will be issued), Comments on your files, images and videos, Replies to your collection bug report comments, New images and videos added to your files. Edit Recent News Section. Acquisitions-old - Cms Nextech Direct Lending Solutions Fund II ($3B) $940M Capital Raised 10 Managing Directors 70 . Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Recent News. Melbourne, FL 32904 ph: 800-382-3150. Arctic Services is a full-service design-build commercial/industrial refrigeration and air conditioning contractor. Mergers & Acquisitions Audax-Backed CMS Nextech Purchases CMI Mechanical . If you are interested in a career with unlimited opportunities for growth and advancement, please contact us. The Firm segments its activities into lower middle-market and larger scale investing. #ThankYou!! Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco and London. Patriot Mechanical was founded in 2007 and is based in Gorham, Maine. PDF Metronome Partners Represents DegreeOne, a portfolio company of Summit Experience the Blue River difference and start looking upstream again. See the chart below to see businesses acquired and associated with DegreeOne. Ability to Scale Audax is currently investing out of a $3.5bn fund (~$4.25bn with co-invest), significant capacity to build CMS into a significantly larger business than it is today Audax Private Equity: Key Stats and supporting management teams as needed $9.2 billion of capital raised across 6 funds 27 July 2023, 7:13PM. 27 July 2023, 10:10PM. We can help you. News Dec 20, 2022. Patriot Mechanical was founded in 2007 and is based in Gorham, Maine. Audax Private Equity Acquires Kofile | Mergr M&A Deal Summary Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. News Dec 20, 2022. Arctic Services is a full-service design-build commercial/industrial refrigeration and air conditioning contractor. Key areas of growth / acquisition opportunities. Continue reading, Service Specialists Joins Nextech With great excitement, Nextech announces the acquisition of Service Specialists, a commercial HVAC and Refrigeration service company headquartered in Madison, Wisconsin. CMS Nextech Company Profile - Craft ACQUISITIONS 4 - Nextech 7-Day Free Trial. Our New Partner: DegreeOne - CMS Nextech News 24 Jan 2023 17:10:45 Audax-backed CMS Nextech makes two acquisitions. CMS Nextech Acquires Aire Rite Airconditioning and Refrigeration Corporate Headquarters 1045 S John Rodes Blvd. Audax Private Equity congratulates Nextech on its latest add-on, the acquisition of Service Specialists. CMS Nextech was founded in 1992 and is based in West Melbourne, Florida. Arctic Services was founded in 2006 and is based in Henderson, Nevada. Continue reading, Arctic HVAC/R services strengthens growth potential by aligning with CMS Nextech. Report incorrect company information. Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. When you partner with Nextech you are joining the largest independent self-performing commercial HVAC/R service provider in the United States!As a partner of Nextech, you can expect many additional benefits for your company. Unlock even more features with Crunchbase Pro . This is Audax Private Equitys 4th transaction in the Information Technology sector. Audax Private Equity Portfolio Company, CMS Nextech, Acquires CMI CMS Nextech is Americas largest independent self-performing commercial HVAC/R service provider specializing in commercial HVAC/R maintenance, repair, and replacement. This acquisition bolsters CMS's footprint in California while strengthening its technician density and allowing the company to service a wider customer demographic. Audax Private Equity congratulates CMS Nextech on its latest add-on, the acquisition of Aire-Rite. 16 November 2021 CMS Nextech, which is backed by Audax Private Equity, has acquired two HVAC/R services providers: Arctic Services and Patriot Mechanical. The expansion Copyright 2023 Robin Scott. Mergers&Acquisitions on Twitter: "CMS Nextech, a commercial heating Blue Rivers Managing Partners are registered representatives of Tobin & Company Securities, LLC (Tobin), Charlotte, North Carolina, member FINRA/SIPC. 06 July 2023, 9:34PM. Patriot Mechanical is a provider of HVAC repair and maintenance services, such as heating, air conditioning, plumbing, and refrigeration in commercial and residential applications.