Daily News: March 13, 2014

GE Capital Provides Debt Financing for Audax’s CURT Buy

Audax Group announced it acquired CURT Manufacturing. Kirkland & Ellis served as counsel to Audax Group. BB&T Capital Markets advised CURT. BMO Capital Markets and GE Capital Corporation provided senior debt financing and BB&T Capital Partners provided junior debt financing.

Geoffrey S. Rehnert, co-CEO of Audax Group, said, “CURT is a leader in a growing segment of the automotive aftermarket. We look forward to working with Greg Hooks and the CURT team to grow the business organically and with acquisitions.”

Greg Hooks, CEO of CURT, said, “We are excited to have Audax as our new partner. Its track record of sourcing and integrating add-on acquisitions will enhance our ability to grow while continuing to build on our brand’s reputation of market-leading value.”

Eau Claire, WI-headquartered CURT designs, manufactures and distributes towing solutions and trailer and cargo management accessories for passenger vehicles and trucks.