Audax Private Equity, in partnership with management, has completed the sale of AAMP Global to The Halifax Group.
Headquartered in Clearwater, Florida, AAMP is a leading global supplier of vehicle and related consumer technology solutions within the integration, infotainment, high-performance audio, safety and connectivity product categories. The company maintains relationships with a broad set of customers across light vehicle, marine, powersports, agricultural and commercial fleet end-markets. Under Audax ownership, AAMP completed nine add-on acquisitions and significantly increased revenue.
Young Lee, managing director at Audax Group, said, “We are proud to have partnered with Jamie Fraser and the AAMP team to help create a market leader in the automotive aftermarket consumer technology space. Through acquisition and organic growth, the company has become a leader in premium vehicle enhancements for a range of applications and vehicles. We are thankful to Jamie and the team for their partnership and efforts in growing the business significantly in the U.S. and internationally.”
Jamie Fraser, CEO of AAMP, said, “Audax has been a valuable partner in helping the AAMP team build and transform the business through organic growth and nine strategic add-on acquisitions. The team looks forward to the next stage of growth with The Halifax Group.”
Ropes & Gray LLP served as legal advisor and BB&T Capital Markets served as financial advisor to AAMP. DLA Piper LLP served as legal advisor to The Halifax Group.
