Audax Private Equity Announces Investment In Thermogenics
The Company
Thermogenics, Inc. (“Thermogenics”) is a leading North American provider of boiler service & maintenance, equipment sales and rentals. Thermogenics specializes in providing complete boiler lifecycle solutions to a diverse set of customers and end markets. To complement its service-driven business model, Thermogenics designs and manufactures differentiated, energy efficient boilers with proprietary coil-tube technology.
The Deal
Audax Private Equity (“Audax”) has invested in Thermogenics and is partnering with the existing management team to further accelerate the organic and add-on acquisition momentum of the company.
The Thesis
Audax completed its investment in Thermogenics in May 2022. Audax plans to invest behind the company’s growth initiatives, including expanding Thermogenics’ footprint in the United States and Canada, and accelerating the company’s acquisition strategy within the boiler service, equipment and related industries.
Recent Platform Acquisitions
Audax By The Numbers
Transformational Growth
Through our Buy & Build approach, we seek to help our platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.
Please see our historical portfolio for a full list of platform acquisitions.
A full list of transactions will be provided upon request
Contact
William Gonzalez
Managing Director
(617) 859-1545

Cory Mims
Managing Director
(617) 859-1522

Michelle Bitman
Vice President
(650) 252-0613