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Article: AIS gets an investor; Audax buys large stake of Hudson firm.(BUSINESS)
- Article from:
- Telegram & Gazette (Worcester, MA)
- Article date:
- October 16, 2007
CopyrightCOPYRIGHT 2007 Worcester Telegram & Gazette. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Lisa Eckelbecker
HUDSON - The Audax Group, an investment firm with offices in Boston and New York, has purchased a majority stake in Hudson-based office furniture maker AIS Inc., the companies reported yesterday.
Financial terms of the deal were not disclosed. AIS Chief Executive Bruce Platzman said the transaction allowed AIS to consolidate the ownership of the privately held business and obtain access to money for growth. The deal was closed after an exhaustive search on the part of AIS, he said.
"Audax was the company we felt most comfortable with," Mr. Platzman said. "They're looking for their growth and income not to come from ...