Audax Group retained BlackArch Partners to assist in realizing a return on their investment in Tri-Northern Holdings, Inc. (“Tri-Ed” or the “Company”) and to find a buyer that would partner with the management team to continue the Company’s impressive growth.
BlackArch orchestrated a targeted roadshow process with the most likely strategic and financial buyers in order to ensure the market grasped the differentiated capabilities and business model that Tri-Ed represented. BlackArch positioned the Company as a “system solution distributor” in a fast-growing market where its value-added services were enabling rapid share gains.
Tri-Ed was sold to Anixter International, Inc., a leading global distributor of enterprise cabling and security solutions, for an announced transaction value of approximately $420 million.