Private equity firm Audax Group has acquired industrial rubber distributor Lewis Goetz and Company Inc., Pittsburgh, PA. Lewis-Goetz operates from 48 locations throughout the U.S. and Canada.
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It sells industrial, hydraulic, and metal hose, conveyer belts, gaskets and seals, and related accessories and services.
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We are excited to have Audax Group as our partner,” said David R. Goetz, Lewis-Goetz CEO. “Their experience sourcing and integrating add-on acquisitions will be an important asset for us as we continue to grow our business.”
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Vetus Partners, featured in a recent MDM audio conference, advised Lewis-Goetz.
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Audax recently purchased UTEX Industries, Inc., Houston, TX, a manufacturer of complex gaskets and highly engineered seals to oil and gas, water distribution, and industrial end markets.
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Lewis-Goetz bought Goodall Rubber Co. in March 2006. Together the firms have more than $200 million in annual revenues.