They are coming fast and furious. I just wrote how the Elgin Fastener Group had acquired Telefast in my last post. Went on vacation for a week spring break! and come back to read that Elgin has also acquired Vegas Fasteners. After I got over my initial “WOW” experience, I could not help but ask, where is all their money coming from. And, it did not take too much effort to find that Elgin is owned by Audax. You can google the company and read more but here is little bit of what is on their web site:Audax Group is a premier investor in middle market companies. Established in 1999, Audax manages over $5.0 billion of capital through its private equity, mezzanine debt, and senior secured debt funds. Audax focuses on building companies with leading market positions and superior management teams. (…)
