Distribution International Acquired by Audax Group
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With 19 branch locations in Maryland, Virginia, North Carolina, South Carolina, Alabama, Louisiana, Mississippi and Texas, DI serves industrial, non-residential construction and marine end markets.
"Distribution International has developed a leading position as a scale player in a fragmented industry with stable, long-term customer relationships," said Geoffrey S. Rehnert, co-CEO of Audax Group. "We look forward to working with the DI management team to build the company through penetration of adjacent industry verticals, global expansion, and strategic add-on acquisitions."
Audax Group is an investor in small cap and lower-middle market companies, managing more than $4.3 billion of equity, mezzanine debt, and senior loan capital.
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