Audax Private Equity takes over Accent Food Services

US-based Audax Private Equity (Audax) has completed the acquisition of Accent Food Services (Accent) from Silver Oak Services Partners.

Financial details of the transaction have not been disclosed by either company.

Audax co-CEO Geoffrey Rehnert said: “Accent is a leader in the micro market, vending, and refreshment services industry. We look forward to working with Josh Rosenberg and the Accent team to continue building a leading platform through organic growth and add-on acquisitions.”

Headquartered in Austin, Texas, Accent offers customised fresh food, snacks and refreshments to businesses, educational institutions and property management companies.

It also supplies customised offerings for on-site micro markets, vending machines, and coffee and refreshment services, delivering a superior consumer experience and improved work environment efficiency.

Accent CEO Josh Rosenberg said: “Audax brings expertise and resources that we anticipate will help us continue to build upon our market leadership position by expanding beyond our current footprint through strategic acquisitions and growth initiatives.”

Lincoln International served as financial adviser to Accent and Ropes & Gray served as counsel to Audax.

Audax Private Equity is part of Audax Group, an alternative asset management firm specialising in investments in middle market companies.