BIRMINGHAM, Ala. (November 21, 2024) – Founders is pleased to announce that certain principals of Founders Advisors, LLC advised Revere Control Systems, Inc. (“Revere”) in its sale to SJE Inc. (“SJE”), a portfolio company of Audax Private Equity (“Audax”). The transaction closed on September 16, 2024.

Revere is an automation and electrical services platform providing capabilities from initial engineering and design to installation and commissioning, primarily through three business units: Industrial, Water, and OEM. The Company has been in business for 44 years and is headquartered in Hoover, AL with additional locations in Florida, Texas, and North Carolina.

Bob Adams, Executive Chairman of Revere, stated, “We are very pleased with the outcome and new partnership with SJE. We are so appreciative of the Founders team for the hard work they put in to help us achieve our goals throughout the process. Their knowledge of the industry and our business was paramount in finding the right partner.”

“Working with Bob and the Revere team was a great pleasure. We are very happy that we were able to work with them in finding a partner that allowed them to meet their specific transaction goals. We look forward to seeing what the future holds for all involved.” said Evan Klisares, Director at Founders Advisors.

About Revere Control Systems

Founded in 1980, Revere is an automation and electrical service platform providing capabilities from initial engineering and design through installation and commissioning, primarily for water and industrial applications. For more information, visit www.reverecontrol.com

About SJE

SJE is a leading manufacturer of control solutions for the water and wastewater industry. The Company was founded in 1975 and is headquartered in Detroit Lakes, Minnesota. Revere represents SJE’s fifth acquisition since 2021. For more information about SJE, visit www.sjeinc.com

About Audax

Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $16 billion of assets under management, over 185 employees, and 80-plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,200 add-on acquisitions. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value.