Transaction Overview
- Represented Audax Group in the sale of its portfolio company, UTEX Industries, to Rhône Group.
- UTEX is a leading designer and manufacturer of highly-engineered specialty sealing and downhole solutions used in mission-critical flow control applications, primarily for the oil and gas industry. The Company also serves power, mining, water treatment, and other growing industrial end markets. Primary products include consumable sealing components utilizing complex and proprietary formulations and combinations of elastomers, thermoplastics, metals, polyurethanes, and composites.