Clearwater auto tech firm has new owner
Audax Private Equity, in partnership with management, has sold AAMP Global to The Halifax Group. The purchase price was not disclosed in a news release announcing the deal. AAMP, headquartered in Clearwater, is a market leader in the automotive aftermarket consumer technology space. Under Audax ownership, AAMP completed nine add-on acquisitions and significantly increased revenue, the news release said. The Halifax Group is a Washington, D.C.-based private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $300 million.