Tag: Audax Group
Anixter to acquire Tri-Ed for $420 million
August 11, 2014Martha Entwistle
GLENVIEW, Ill.—Today, Anixter International announced that it will acquire Tri-Ed for $420 million, so now Tri-Ed, which had aspirations to become a "billion dollar distribution business," will be part of a $1.7 billion security distribution company.
Anixiter will buy Tri-Ed from Audax Group, a private equity firm, which acquired Tri-Ed in April 2012.
Since getting into security in 2000, Anixter has “quietly built a $1.1 billion security business, but we're still the...
Tri-Ed/Northern buys SGI
November 30, 2012Martha Entwistle
WOODBURY, N.Y.—Tri-Ed/Northern today closed a deal to buy San Antonio-based SGI, a wholesale distributor with 13 branches and about 80 employees, Pat Comunale, Tri-Ed/Northern president and CEO, told Security Systems News.“It definitely makes us the dominant independent distributor in the Southwest,” Comunale said. “And it gets us into six additional markets that we were not in.”“We're holding true to form on our buy-and-build strategy,” he said. “We...
Tri-Ed/Northern buys one, opens two
July 18, 2012Martha Entwistle
WOODBURY, N.Y.—As promised when it was acquired by private equity firm Audax Group in April, Tri-Ed/Northern Video is expanding. The independent national distributor on July 16 announced the acquisition of Seabreeze Security Distributors of Orlando, Fla., and announced plans to open two new branches: one in Detroit and one in Raleigh, N.C.In addition to backing from Audax, the possibility of an increase in the capital gains tax is pushing deals along, Pat Comunale, Tri-Ed/Northern president...
Tri-Ed/Northern acquired by private equity firm
April 4, 2012Martha Entwistle
Updated with quotes from Pat Comunale at 12 p.m. on April 5.BOSTON—Audax Group, a $5 billion private equity firm based here, announced April 4 that it has acquired Tri-Ed/Northern Video."We're really focused on becoming a billion dollar distribution business," Pat Comunale, CEO and president of Tri-Ed/Northern Video told Security Systems News. "It took five years to double the business the first time around. We think we'll be there [at $1b in revenue] in another three to five years," he said....