Audax Private Equity Announces the Acquisition of Accent Food Services

BOSTON–(BUSINESS WIRE)–Audax Private Equity (“Audax”) announced it has partnered with
management to acquire Accent Food Services, LLC (“Accent”). Audax
acquired Accent from Silver Oak Services Partners. Terms of the
transaction were not disclosed.

Accent, headquartered in Austin, Texas, is a leading provider of
customized fresh food, snacks, and refreshment services to businesses,
educational institutions, and property management companies. Accent
supplies customized offerings for on-site micro markets, vending
machines, and coffee and refreshment services, delivering a superior
consumer experience and improved work environment efficiency. For more
information, visit www.accentfoods.com.

Geoffrey Rehnert, Co-CEO of Audax, said, “Accent is a leader in
the micro market, vending, and refreshment services industry. We look
forward to working with Josh Rosenberg and the Accent team to continue
building a leading platform through organic growth and add-on
acquisitions.”

Josh Rosenberg, CEO of Accent, said, “Accent is excited to be
partnering with Audax for our next chapter of growth. Audax brings
expertise and resources that we anticipate will help us continue to
build upon our market leadership position by expanding beyond our
current footprint through strategic acquisitions and growth initiatives.”

Lincoln International served as financial advisor to Accent. Ropes &
Gray LLP served as counsel to Audax.

ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax
Private Equity has been focused on building leading middle market
companies. Audax has invested $4 billion in 101 platform and 522 add-on
companies. Through its disciplined Buy & Build approach, Audax seeks to
help platform companies execute add-on acquisitions that fuel revenue
growth, optimize operations, and significantly increase equity value.
Audax Private Equity is an integral part of Audax Group, an alternative
asset management firm specializing in investments in middle market
companies. With offices in Boston, New York, and Menlo Park, Audax Group
has over $10 billion in assets under management across its Private
Equity, Mezzanine, and Senior Debt businesses. For more information,
visit the Audax Group website, www.audaxgroup.com.

Contacts

Audax Group
Geoffrey Rehnert, 617-859-1503
Co-Chief Executive
Officer
or
Accent Food Services
Josh Rosenberg,
512-251-9500
President & CEO