Private investment firm Audax Group announced it has completed a recapitalization of Heckethorn Products, (d/b/a) Rough Country Suspension Systems in partnership with management.
Audax said GE Capital and BMO Capital Markets provided senior debt financing and Arrowhead Mezzanine provided junior debt financing to support the transaction. Kirkland & Ellis LLP served as counsel to Audax Group. Hilliard Lyons Investment Banking advised Rough Country.
Dyersburg, TN-based Rough Country is a provider of suspension systems to the off-road SUV and truck market.
Boston, MA-based Audax Group is an investor in lower-middle market companies and has over $5 billion in assets under management.