Attleboro’s TriMark USA is sold to Audax Group

ATTLEBORO – TriMark USA Inc. and Audax Group of Boston today joined in announcing that Audax has completed its acquisition of TriMark from Bradford Equities Management LLC of White Plains, N.Y. The amount of the transaction was not revealed.

TriMark, based in South Attleboro, is a distributor of food-service equipment and supplies and a provider of design and engineering services. It has more than 10,000 customers nationwide, including restaurant, health care, entertainment and other food-service venues.

Jerald Hyman, president and CEO of TriMark, will continue to lead the food-service vendor, the companies said.

Geoffrey S. Rehnert, co-CEO of Audax Group, said: “TriMark has a leading market position in its core business, providing design and engineering services, equipment, and supplies to leading food-service establishments. We look forward to working with Jerry Hyman and his experienced management team to build a national platform through organic growth and add-on acquisitions.”

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“We are excited to have Audax Group as our partner,” TriMark’s Hyman said. “Their experience sourcing and integrating add-on acquisitions will be a key asset for us to expand our supplies business nationally to complement our industry-leading design and equipment services.”

Ropes & Gray LLP advised Audax Group in the deal, while Bear, Stearns & Co. Inc. represented the company. GSO Capital provided acquisition financing and Citizens Bank of Rhode Island will provide the working capital.

Audax Group, founded in 1999, is an investor in middle-market companies. Its offices, in Boston and New York, manage more than $2.4 billion in equity and mezzanine debt capital. For more information, visit www.audaxgroup.com.

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