The investment from Audax comes as SJE aims for continued growth and expansion within the controls industry.
SJE, a leading manufacturer of control solutions for the water and wastewater industry, has sold a majority equity interest to Audax Private Equity (“Audax”). The investment from Audax comes as SJE aims for continued growth and expansion within the controls industry.
“For a highly successful employee-owned company, the timing was right for us to transition ownership to ensure the best return for our employees,” said Dave Thomas, President and CEO of SJE. “We had a tremendous opportunity to make the retirement benefit of the ESOP an immediate reality for our team. Following the investment from Audax, we will continue to operate as we have historically, and remain committed to our core values of unity, humility, agility, drive, and ownership.”
SJE will look to benefit from the strategic and financial resources Audax brings to their portfolio companies. These resources will help drive investments in the business, support growth strategy, and enable SJE to continue pursuing acquisitions.
