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Audax Group Announces the Acquisition of Luminator Technology Group

BOSTON, April 8, 2014-- Audax Group announced it has acquired Luminator Technology Group, LLC (“LTG”) from Levine Leichtman Capital Partners. Headquartered in Plano, Texas, LTG is a leading global designer and manufacturer of engineered display, lighting, and passenger communication systems that illuminate, inform and improve the experience of bus, rail, and aerospace passengers worldwide. The Company serves municipal transportation systems, OEMs, and their suppliers worldwide.

Don Bramley, Managing Director of Audax Group, said “LTG is a market leader with an unparalleled reputation in the global passenger information systems industry. We look forward to partnering with Avi Zisman and the LTG team to grow the business organically and through strategic add-on acquisitions.”

Avi Zisman, CEO of LTG, said “We are excited to continue growing the business organically and leveraging Audax’ expertise in identifying and integrating add-ons. I look forward to working with our new partner and creating a larger strategic enterprise.”

Audax Private Equity acquired LTG from Levine Leichtman Capital Partners. Kirkland & Ellis LLP served as counsel to Audax Group. Robert W. Baird & Co. advised LTG. GE Capital Corporation, BNP Paribas Securities, and American Capital Ltd. provided financing to support the transaction.

ABOUT AUDAX GROUP

Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.

ABOUT LEVINE LEICHTMAN CAPITAL PARTNERS

Levine Leichtman Capital Partners is a private investment firm with offices in Los Angeles, New York, Dallas, Chicago and London. LLCP manages approximately $7.0 billion of institutional capital for investment in U.S. middle market companies. LLCP invests through private equity partnerships and various debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., and Levine Leichtman Capital Partners Private Capital Solutions, L.P. Prior investments by Levine Leichtman Capital Partners include Santa Cruz Nutritionals, CiCi’s Pizza, Hackney Ladish, and Jon Douglas Real Estate Group. For further information please see www.llcp.com.

Contact:
Audax Group
Donald Bramley, 617-859-1535
Managing Director


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