We believe sound ESG practices have the potential to improve performance while promoting a positive impact on society and the greater environment. We embrace and integrate ESG factors into our investment strategy and believe doing so enhances our ability to build better businesses and create value. Founded in 1985 and headquartered in Milwaukee, WI, Engine & Transmission Exchange is a leading independent remanufacturer of aftermarket vehicle transmissions and other automotive aftermarket repair and replacement parts. ETE offers a number of complementary services, including transmission repair, engine and transfer case repair and replacement, and servicing of torque convertors. With a legacy spanning over 35 years, the Company’s proven remanufacturing process returns used transmissions to “new” or “better-than-new” condition by using reclaimed and re-machined components.
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $36 billion in support of over 275 private equity sponsors. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investment solutions.



Founded in 1983 and headquartered in Dulles, Virginia, Unison offers its clients differentiated solutions to help them transact and manage contracts more efficiently and comply with complex federal contracting requirements. Unison’s software suites turn AI, bot, and NLP technologies into applied innovation—solving real business problems and creating opportunities for clients. A trusted partner with longstanding relationships and a track record of customer-led success, Unison currently serves all 15 U.S. cabinet-level agencies and has more than 200,000 product end users. Headquartered in Phoenix, Arizona and serving 25 markets across the U.S., A1 is a market leader in the direct-to-consumer residential repair and replacement garage door services industry.
The awards may not be representative of any one client’s experience with Audax and is not indicative of Audax’ future performance. Audax has or may provide certain of the parties Mary Hoover Drucker above with de minimis compensation to make use of such awards and recognition. Prior to Audax, Mr. Wolpow was a General Partner and Managing Director of Bain Capital.

In a high interest rate environment, some borrowers may struggle to maintain adequate FCCR and interest-coverage ratios. Mezzanine’s ability to allow for PIK-interest payments improves the ability of borrowers to cover their current cash interest and fixed charges. Given heightened base rates, the cash interest rate for mezzanine tranches is often lower than unitranche and sometimes lower than senior debt cash interest rates. In this sense, mezzanine structures can preserve cashflow during windows when liquidity dries up. Kevin is responsible for overseeing all facets of Audax’ debt business, including origination, underwriting, and portfolio management as well as setting the business’ strategic direction.
The Company has grown rapidly, both organically and through acquisitions, since its founding in 2007. Today, A1 is one of the largest and most reputable residential garage door service providers in the country. Since joining Audax in 2006, David has been involved with over 30 of Audax’ platform companies. David primarily focuses on medical products and healthcare services, business and industrial services, and specialty distribution. Audax Group targets investments in the U.S. middle market, the world’s third largest economy as measured by Gross Domestic Product . Prior to joining Audax in 2015, Jason worked at Morgan, Lewis & Bockius LLP and Bingham McCutchen LLP as Counsel, where he advised private fund clients and other investment advisers.
Solid relationships and flexible solutions are key to private debt’s ongoing success in the PE mid-market, says Audax Private Debt president Kevin Magid. Our team is collaborative, experienced, and has built lasting relationships, establishing Audax Private Debt as a trusted name in the U.S. middle market. Chelsea is a Principal at Audax Private Debt, overseeing portfolio management for our Originated Debt platform. Prior to joining Audax in 2009, Alex was a Manager of Business Development at Arrowstreet Capital, where he built relationships with institutional investors on a global basis. Prior to Arrowstreet, Alex was a Principal at Hamersley Partners, where he helped emerging managers raise capital.

Pieter is a Vice President at Audax Private Debt, and a member of our senior debt investment team. John is a Vice President at Audax Private Debt, and a member of our senior debt investment team. Ludwig is a Principal at Audax Private Debt, and a member of our senior debt investment team.
Audax Private Equity Partnering with middle market leaders to fuel growth and build value. The observation that everything old is new again, ironically, never seems to get old. This is particularly true in 2023, as vinyl records again outsell CDs and acid-wash jeans plot their own unlikely comeback.

They are not intended to be a recommendation or investment advice, do not constitute a solicitation to buy, sell or hold a security or an investment strategy, and are not provided in a fiduciary capacity. They do not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Audax has provided the party above with de minimis compensation to make use of such awards and recognition. Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support Odyssey Investment Partners’ acquisition of Magna Legal Services. Founded in 2005 and headquartered in Columbia, MD, GCOM delivers innovative solutions to state and local governments nationwide, with a focus on systems in health and human services, justice and public safety, licensing and regulatory markets.
Sean is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Ante is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Nate is a Principal at Audax Private Debt, and a member of our senior debt investment team. We believe experience, relationships, and continuity differentiate our team in the middle market.

Our proprietary reporting systems provide us with customized views of qualitative and quantitative ESG data, enhancing our team’s analytical and reporting capabilities. HR Green is a provider of infrastructure design, consulting, and civil engineering services. The Company serves public and private sector clients on projects across transportation, water, municipal advisory, broadband, and land development.
Prior to joining Audax in 2021, Alexander worked at HighBrook Investors, where he was Chief Financial Officer and oversaw the finance, portfolio management and debt capital markets functions. Prior to that, Alexander worked at Lexington Realty Trust, focused on corporate transactions. The role of mezzanine within the capital structure isn’t always obvious from the outside looking in.