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Private Equity Firm Acquires Curt Manufacturing

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March 11, 2014 by   Comments Off on 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.

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