Audax Private Equity has announced it has acquired GCX Mounting Solutions.
GCX, with its North American operations based out of Petaluma, Cali., is a global designer and manufacturer of healthcare-focused mounting and mobility solutions. Founded in 1971, the company’s products include wall mounts, roll stands, carts and a variety of mounting accessories.
Audax, with private equity offices in Boston, New York and San Francisco, focuses on investments in middle market companies and has a wide flexibility on investment size. Founded in 1999, the firm targets companies within healthcare and several other industries, specifically those generating between $10 million and $50 million in annual EBITDA.
Terms of the acquisition were not disclosed.