Lanter: Majority Stake Acquired by Audax Private Equity
Deal News | Apr 01, 2025 | Ropes & Gray
Audax Private Equity, known for its investments in middle-market companies, has acquired a majority stake in Lanter Delivery Systems. This acquisition positions Audax to capitalize on Lanter's unique market offering in the overnight, unattended delivery sector, serving OEM parts for automotive, agricultural, and heavy truck dealerships. Ropes & Gray provided legal advisory services to Audax, with a specialized team handling various aspects of the investment transaction. The financial specifics of the deal remain undisclosed.
Sectors
- Private Equity
- Logistics and Delivery
- Automotive and Heavy Machinery
Geography
- United States – Audax Private Equity and Lanter Delivery Systems are both based in the United States.
Industry
- Private Equity – Audax Private Equity is a key player involved in the investment, focusing on middle-market companies.
- Logistics and Delivery – Lanter Delivery Systems operates in the delivery sector, specializing in overnight logistics for OEM parts.
- Automotive and Heavy Machinery – The article discusses Lanter's role in delivering OEM parts for automotive and heavy truck industries.
Financials
- Not Disclosed – The financial terms of the majority stake investment in Lanter Delivery Systems by Audax Private Equity were not revealed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Audax Private Equity | Bidding Company/Investor | Company | A capital partner focusing on middle-market companies, making a majority stake investment in Lanter. |
| Lanter Delivery Systems | Target Company | Company | Provides overnight, unattended delivery services for OEM parts. |
| Ropes & Gray | Legal Advisor | Company | Provided legal representation to Audax Private Equity for the transaction. |
| Ken Chow | Private Equity Partner | Person | Part of Ropes & Gray's team, specializing in private equity. |
| Greg Bauer | Finance Partner | Person | Part of Ropes & Gray's team, focusing on finance. |
| Mike Lee | Finance Partner | Person | Part of Ropes & Gray's team, focusing on finance. |
| Jennifer Rikoski Whitney | Executive Compensation & Employee Benefits Partner | Person | Part of Ropes & Gray's team, specializing in executive compensation and employee benefits. |
| Megan Bisk | Employment Partner | Person | Part of Ropes & Gray's team, specializing in employment law. |
| Pam Glazier | Tax Partner | Person | Part of Ropes & Gray's team, focusing on tax issues. |
| Thomas Brown | Litigation & Enforcement Partner | Person | Part of Ropes & Gray's team, specializing in litigation and enforcement. |
| Emily Karlberg | IP Transactions Partner | Person | Part of Ropes & Gray's team, focusing on intellectual property transactions. |