Daily News: December 1, 2014

Madison Capital, GMB Finance Audax Acquisition

Audax Group announced it has acquired Checkers Industrial Safety Products from Tonka Bay Equity Partners. Headquartered in Broomfield, CO, Checkers is a provider of branded industrial safety products dedicated to vehicular safety, asset protection and workplace safety.

Madison Capital Funding and GMB Mezzanine provided financing for the transaction. BB&T Capital Markets advised Checkers. Kirkland & Ellis served as counsel to Audax Group.

Checkers is a manufacturer of branded industrial safety products.

Boston-based Audax Group is an investor in lower-middle market companies and has over $6 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses.