Brown Gibbons Lang Co. Sells Victor Oolitic Stone Co. to Audax Group

Brown Gibbons Lang Company (BGL) recently announced the sale of its client Victor Oolitic Stone Company (Victor Oolitic) to Audax Group, a private equity investment firm. Victor Oolitic supplies Indiana limestone, in block, slab, sill, and other finished forms to the North American and global stone trade. Victor Oolitic is the industries largest quarrier and raw-material supplier of Indiana limestone.

The existing management team at Victor Oolitic sought an advisor to maximize the company?EUR??,,????'???s value for estate and wealth diversification. The shareholders of Victor Oolitic chose BGL to manage the sale of the company due to their experience in the building and construction materials industry.

?EUR??,,????'??After a lengthy and vigorous search process, we arrived at BGL as the stand-out, logical choice,?EUR??,,????'?? said John Edgeworth, principal shareholder and president and chief executive of Victor Oolitic. ?EUR??,,????'??Their depth of experience in our product space was unmatched, and their execution of our deal was outstanding.?EUR??,,????'??
BGL is an independent investment bank serving middle market companies and their owners throughout the United States and internationally.
The Audax Group is an investor in middle market companies. Located in Boston and New York, Audax manages more than $1.5 billion in equity and mezzanine debt capital.

?EUR??,,????'??Victor Oolitic is a market leader that has grown consistently and generated strong cash flow over a long period of time,?EUR??,,????'?? said Geoffrey S. Rehnert, Co-CEO of Audax Group. ?EUR??,,????'??We are excited to work with existing management to continue to grow the company and broaden the end market applications for the product.?EUR??,,????'??