Audax Group Announces the Acquisition of AAMP

BOSTON--Audax Group today announced it has completed the acquisition of AAMP of America (“AAMP”) from ICV Capital Partners, LLC. Headquartered in Clearwater, Florida, AAMP is the leading designer, manufacturer, and distributor of audio accessories and consumer electronics integration devices to the automotive aftermarket. AAMP develops and markets products under the Stinger, Peripheral, and Best Kits brands to over 3,300 independent car audio specialist retailers, as well as through mass retail chains and international distributors. Micah Ansley, President and CEO of AAMP, will continue to lead the management team.

Geoffrey S. Rehnert, Co-CEO of Audax Group, said "AAMP is the leading developer and producer of audio accessories for the automotive aftermarket serving the enthusiast market. The company is well positioned to capitalize on continued demand for increased electronics, functionality and connectivity in the car. We look forward to helping the business grow through new product introductions and select add-on acquisitions.”

Micah Ansley, President and CEO of AAMP, said “We are excited to have Audax Group as our partner. Their experience working with middle market companies will be an asset for us as we look to strengthen our position as the leading provider of audio accessories to the automotive aftermarket.”

Ropes & Gray LLP advised Audax Group. Barrington Associates represented AAMP. GE Antares Capital led a syndicate of banks providing senior debt financing, and PNC Mezzanine Capital provided subordinated debt financing.