Des Plaines, IL, January 17, 2018 --(PR.com
)-- Justrite Safety Group (Justrite®) and Checkers Industrial Products (Checkers), both portfolio companies of Audax Private Equity (Audax) have entered into a Definitive Merger Agreement. The merger of Justrite and Checkers creates a leading manufacturer of industrial and environmental safety products. The merger is anticipated to be completed and closed by the end of January 2018.
Since 1906, Justrite has provided products for the safe management of flammable liquids, and other hazardous materials. Today their products include safety cabinets and large outdoor storage buildings, safety vessels and containers for laboratory and industrial applications, spill containment, safety showers and eye/face wash, and other products that all help industrial customers maintain safe practices. Long recognized as a vital part of environmental, health, and safety programs, Justrite products are available worldwide. For more information, visit the Justrite website, www.justrite.com
Founded in 1987, Checkers is a leading provider of branded industrial safety products dedicated to vehicular safety, asset protection, and workplace safety. Today their products include wheel chocks, warning whips, cable management systems, ergonomic anti-fatigue and entrance matting, and temporary access mats and ground protection solutions through their four power brands of Monster™, Linebacker®, Notrax®, and TuffTrak®. For more information, visit the Checkers website, www.checkers-safety.com
About Audax Private Equity
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4.5 billion in 112 platform and 640 add-on companies. 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. Audax Private Equity is an integral part of Audax Group®, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has over $11.5 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website, www.audaxgroup.com
Contact Justrite at JustriteMarketing@justritemfg.com