Ropes & Gray Represents Audax Private Equity in its Majority Acquisition of S.J. Electro Systems
Ropes & Gray represented Audax Private Equity in its majority acquisition of S.J. Electro Systems, Inc., a leading manufacturer of control solutions for the water and wastewater industry. Terms of the transaction, which was announced on June 28, were not disclosed. The press release is here.
SJE has grown into a leading controls technology company throughout the United States and Canada, as well as into global markets. SJE is comprised of CSI Controls, PRIMEX and SJE Rhombus. Audax Group has invested over $7 billion in more than 140 platforms and over 975 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund.
The Ropes & Gray team that represented Audax Private Equity was led by private equity partner Chau Le (San Francisco), tax partner Lee Allison (New York), finance partner Michael Lee, employment, executive compensation & benefits partner Loretta Richard, litigation & enforcement counsel Steven Kaye, private equity partner Kendrick Chow (all of Boston), and private equity associate Peter Wang (San Francisco).