Buckley will become CEO of the combined Zone and Smart Care businesses.Īudax invests in middle-market companies that have from $8 million to $50 million in EBITDA and enterprise values of $50 million to $400 million. Zone is led by CEO Henry Lees-Buckley and is headquartered near Chicago in Alsip, Illinois.
Zone Climate Services, acquired by Wind Point in March 2021, is a provider of refrigeration and HVAC services to Midwest-based convenience stores, grocery stores, food manufacturers, warehouse facilities and restaurants. In short, our success is a direct reflection of what Don and his team brought to Smart Care and they share equally in our success.” “They played a critical role in our success by providing unmatched operational expertise and deep business acumen where we needed them. “My team and I feel very fortunate to have had Audax as a partner over the past four years,” said Mr. We wish Bill Emory and the entire Smart Care organization continued success as they embark on their next chapter of growth.” “From the start, we were aligned on how we would execute our buy and build strategy to help create a company that would deliver value for Smart Care’s customers, associates, communities, and investors. “We are proud of the business we built working with the Smart Care team,” said Don Bramley, a managing director at Audax. During its ownership term, Smart Care closed 14 add-on acquisitions.
Smart Care began when Audax acquired the equipment care business of Ecolab in November 2017 and rebranded the company under the Smart Care brand in December 2017. The company, led by CEO Bill Emory, has 1,400 employees and completes more than 350,000 service events each year at more than 40,000 locations in all 50 states. Paul, Minnesota-headquartered Smart Care provides commercial kitchen repair, maintenance services, and replacement parts to companies that are active in the commercial foodservice industry. Audax Private Equity has sold Smart Care Equipment Solutions, a provider of commercial kitchen equipment maintenance services, to Zone Climate Services, a portfolio company of Wind Point Partners.
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