News & Analysis

CIT, GE help get wheel company acquisition on the road

Two major middle-market company financiers help a wheel design company go from one private equity parent to another.

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Mid-market lenders CIT and GE Capital have provided senior debt financing in Audax Group’s acquisition of Denver-based Wheel Pros from Platinum Equity, the pair said in a statement last week. Wheel Pros designs, markets and distributes branded custom wheels. It also sells performance tires and accessories. 

Audax Group, which was founded in 1999, is an investor in lower mid-market companies.