Audax Private Equity Acquires Accent Food Services
Ropes & Gray advised Audax Private Equity in its acquisition of Accent Food Services from Silver Oak Services Partners. Financial terms of the transaction, which was announced on Dec. 1, were not disclosed.
Accent, headquartered in Austin, Tex., is a leading provider of customized fresh food, snacks and refreshment services to businesses, educational institutions and property management companies.
Audax Private Equity has invested $4 billion in 101 platform and 522 add-on companies since its inception in 1999. Audax Private Equity is a part of Audax Group, an alternative asset management firm specializing in investments in middle market companies.
The Ropes & Gray team advising Audax included tax partner Lee Allison (New York); executive compensation & employee benefits partner Jennifer Rikoski (Boston); labor & employment partner Megan Bisk (Boston); real estate partner Peter Alpert (Boston); business & securities litigation partner William Sussman (New York).