Financial Advisor
Enterprise Oil Co.
M&A Advisory
Has Been Acquired By
A Portfolio Company Of
Transaction Details
- On October 13, 2021, RelaDyne LLC (“RelaDyne”), a portfolio company of Audax Group, announced the acquisition of Enterprise Oil Co.
- Founded in 1988 and based in Chicago, Illinois, Enterprise Oil Co. is a leading, family-owned industrial and automotive lubricants blender, packager, and distributor
- Throughout the decades, Enterprise Oil Co. has added to its industrial, aviation, metalworking, and automotive product offering to better serve its customer base, as well as innovated and developed new formulations to meet the everchanging market demands
- Financial terms of the transaction were not disclosed
About the company
Enterprise Oil Co.
Enterprise Oil Co. is a leading family-owned lubricants blender, packager and distributor in the Midwest. The company proudly operates out of its Chicago, IL facility. The company’s product offering includes thousands of industrial, metalworking, and automotive lubricants that are fit to meet all of its customers’ needs. The company’s facility has ample on-site storage for all of its bulk and packaged goods. For more information, visit www.entoilusa.com.
RelaDyne
RelaDyne, headquartered in Cincinnati, Ohio, is one of the nation’s leading providers of lubricants, fuels, diesel exhaust fluid (DEF), and reliability services for industrial, commercial, and automotive businesses in the United States. RelaDyne was formed in 2010 by the combination of four well-established industry-leading companies and has since grown to more than 60 locations by strategically acquiring other industry leaders in the lubricant, fuel distribution, and industrial service segments. For more information, visit www.reladyne.com.
Audax Group
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, Audax Private Equity has invested over $7 billion in more than 140 platforms and over 1,000 add-on companies and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. For more information, visit www.audaxprivateequity.com.
Source: Company Materials.
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