Private Equity Firm Acquires Curt Manufacturing
Audax Group‘s private equity arm acquired Curt Holdings Inc., a maker of trailer hitches and towing products, from fellow buyout shop Pfingsten Partners .
The Wall Street Journal reported that terms of the deal weren’t disclosed. Audax Private Equity, based in Boston, typically targets companies with $5 million to $30 million in earnings before interest, taxes, depreciation and amortization that are valued at $50 million to $250 million.
Curt’s primary operating subsidiary is Curt Manufacturing of Eau Claire, Wis. The company supplies towing products such as receiver hitches, trailer hitches, gooseneck hitches, and related accessories.