The sale represents the second realization out of Audax’ debut lower middle market strategy in six months.

Audax Private Equity (“Audax”), a capital partner for middle and lower-middle market companies, announced today that it has completed the sale of Enviromatic Systems, a provider of essential facility services for building management systems (BMS). Chicago-based Wind Point Partners (“Wind Point”) acquired Enviromatic on December 8, 2025. Terms of the deal are not disclosed.

Based in Grand Prairie, TX, with more than 275 employees, Enviromatic designs, engineers, programs, and integrates mission-critical building management systems, providing a comprehensive suite of recurring specialized services that range from installation and retrofits to ongoing maintenance. Through intelligent building automation, Enviromatic helps institutions materially reduce energy consumption and emissions, serving a diverse customer base across the municipal, university, school and healthcare end markets.

“We want to thank Dean Glover, Sid Ellis, John Pluff, Jeff Johnson, and the rest of the management team, who have been tremendous partners over the past two and half years,” noted Greg Smith, Managing Director, within Audax Private Equity’s Origins strategy. “When we first backed Enviromatic, we saw a compelling opportunity to execute the Audax Value Agenda to invest behind the management team and in the operational infrastructure, while pursuing organic growth and strategic M&A. We believe the company is well positioned to continue on its accelerated growth trajectory under its new owners.”

“Audax has distinguished itself as a thoughtful and constructive partner,” noted Dean Glover, CEO of Enviromatic. “The Origins team understands the challenges that confront lower middle market companies and brought a depth of resources that were invaluable to focus on what mattered and, ultimately, allow us to capitalize on the opportunity in front of the business.”

Audax originally invested in the company through its lower middle market Origins strategy in July, 2023. Over its hold, Audax invested in the management team and infrastructure, while coupling organic growth initiatives with M&A to enter new geographies, add adjacent service offerings, and establish new relationships with leading OEMs. Enviromatic completed two add-on acquisitions under Audax, and since the Origins investment, experienced strong top- and bottom-line growth.

“This investment, we believe, provides a case study in our approach to try to create, enable and protect value,” added Don Bramley, a Partner at Audax Private Equity. “When we launched our Origins strategy, our vision was to bring the scale and resources of the entire Audax Private Equity platform to help lower middle market companies drive accelerated growth. We have thoroughly enjoyed working with the Enviromatic team, and we’re truly proud of the value we created together for the company, its employees, and our investors.”

“A number of our team-members co-invested alongside Audax, and throughout the investment, this alignment instilled a shared sense of purpose,” added Sid Ellis, President at Enviromatic. “We are excited to carry forward this sense of partnership as Enviromatic enters its next phase of growth with the team at Wind Point.”

The sale of Enviromatic represents the second exit for the Origins strategy since June of this year, and the ninth realization across Audax’ Flagship and Origins strategies in 2025. In addition to the exit activity, the Origins strategy has been actively deploying capital, securing three new investments in 2025, investing out of its debut vehicle, Origins Fund I, which raised $965 million in 2023, inclusive of GP co-investment vehicles.

Guggenheim Securities, LLC served as advisor to Audax Private Equity on the sale, while Cascadia Capital, LLC served as co-advisor and Ropes & Gray provided legal counsel.

ABOUT ENVIROMATIC SYSTEMS:

Enviromatic Systems is a Texas-based provider of building automation and energy-management solutions. The company specializes in the design, installation, and servicing of BACnet-based DDC control systems that help commercial, healthcare, education, and government clients improve comfort, reduce energy consumption, and enhance operational efficiency.

ABOUT AUDAX PRIVATE EQUITY:

Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of March 2025, over 290 employees, and 100-plus investment professionals, Audax has invested in over 175 platforms and more than 1,400 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, and across our dedicated industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations, and significantly increasing equity value. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251208853356/en/