American Industrial Partners acquires RelaDyne
American Industrial Partners has acquired RelaDyne Inc. from Audax Private Equity.
Headquartered in Cincinnati, Ohio, RelaDyne is a provider of lubricants and distributor of less-than-truckload fuel, diesel exhaust fluid, chemicals, and other related products in the United States. RelaDyne is also an international provider of sustainability and reliability services to the commercial and industrial end-markets. RelaDyne serves over 25,000 customers throughout the broad industrial, commercial, and automotive end-markets.
“This is a great step in the continued evolution and strategy for RelaDyne. We thank Audax for their leadership over the past five years and look forward to partnering with AIP,” said Larry Stoddard, chief executive officer of RelaDyne.
Joel Rotroff, a partner at AIP, said, “We are extremely excited to partner with CEO, Larry Stoddard, and the entire RelaDyne team. The company has experienced remarkable growth since its formation in 2010, and together we will work to execute on our operating agenda and support future M&A.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
