Ropes & Gray Advises Audax Private Equity in its Investment in Solve Industrial Motion Group

In The News
July 8, 2021

Ropes & Gray represented Audax Private Equity in its acquisition of a controlling interest in Solve Industrial Motion Group fromIncline Equity Partners. Terms of the transaction were not disclosed. The transaction was announced on July 8. The press release is here.

Solve Industrial Motion is a leading provider of high-quality power transmission components and industrial-grade bearings. The Audax Group, founded in 1999, the firm has raised over $30 billion in capital across its private equity and private debt businesses, and invested over $7 billion in more than 140 platforms and over 975 add-on companies.

The Ropes & Gray team that advised Audax Private Equity was led by private equity partner Adam Leamon (Boston), and included private equity associate Annie Sipe (Boston), finance partner Michael Lee (Boston), intellectual property counsel Thomas Burke (New York), employment, executive compensation & benefits partners Jennifer Rikoski and Megan Bisk (Boston), litigation & enforcement partners Thomas Brown (New York) and Ama Adams (Washington D.C.), litigation & enforcement counsel Steven Kaye (Boston), and real estate and environmental partner Peter Alpert (Boston).