Audax Group has completed the sale of Overton's to Linsalata Capital Partners. Overton's was acquired by Audax Group in August 2003. After partnering with industry executive Mark Metcalfe to buy the business from its founder, Audax worked with management to grow the company and to execute and integrate the acquisitions of Consumers Marine Electronics and Ski Limited.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said “Overton's represents a great example of how a middle market private equity firm, in conjunction with an industry executive, can build upon the success of a family run business and create a world class operation that has grown organically and through add-on acquisitions.”
Mark Metcalfe, President and CEO of Overton's, said “The dedication of our team was critical to achieving this successful transaction. Audax Group was a key resource for us; their understanding and commitment to our business was evident throughout.”
Kirkland & Ellis LLP advised Audax. William Blair & Company LLC represented Overton's.
