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AAMP of America Announces Acquisition of UK Based Armour Automotive

CLEARWATER, Fla.–(BUSINESS WIRE)–AAMP of America (“AAMP”), a portfolio association of Audax Private Equity
(“Audax”), announced it has finished a merger of Armour
Automotive Ltd. (“Armour Automotive”) from Armour Group Plc, a leading
consumer wiring organisation within a home and in-car communication and
party markets. Headquartered in Hampshire UK, Armour Automotive
is a heading engineer and distributor of branded connectivity and audio
solutions for a in-vehicle party and communication markets.
Armour Automotive products are sole to OEMs, installers and retailers in
a automotive, agricultural, convenience and blurb finish markets,
by a market-leading brands such as Autoleads, iO, Radiomobile and
Veba. AAMP, headquartered in Clearwater, FL, is a tellurian retailer of a
extended spectrum of automobile audio formation technologies as good as
aftermarket audio accessories and mobile audio/video components. AAMP
sells to over 2,500 active business including eccentric installers,
mass retailers and OEMs, by a PAC, Stinger and Phoenix Gold
brands, among others.

This is AAMP’s sixth appendage merger given Audax’ initial acquisition
of AAMP in Nov 2006.

Young Lee, Managing Director of Audax Group, said, “Armour
Automotive’s group is a good further to a AAMP of America platform.
The merger of Armour Automotive will raise a vital position
of AAMP by augmenting scale and diversifying channel and geographic
exposure. We will continue to pursue vital appendage acquisitions that
element AAMP’s industry-leading use offering.”

Ron Freeman, CEO of AAMP, said, “We are vehement to partner with
Armour Auto. The merger of Armour will assistance build AAMP into a
tellurian platform, raise a product charity into a European and OEM
markets, and enlarge a technical capabilities. Additionally, Armour
will advantage from additional resources that will position it for greater
expansion and profitability.”

Barry Davies, Managing Director of Armour Automotive, said, “We
are vehement to have Audax as a new partner. Its lane record of
sourcing and integrating appendage acquisitions will raise a ability to
grow while stability to build on a brand’s repute of
market-leading value.”

DWF LLP served as warn to AAMP and Arnold Porter (UK) LLP served as
warn to Armour Group Plc. GE Capital supposing financing to support
a transaction.

ABOUT AUDAX GROUP

Audax Group, founded in 1999, is a heading financier in lower-middle
marketplace companies. With offices in Boston and New York, Audax has over $5
billion in resources underneath government in a Private Equity, Mezzanine, and
Senior Debt businesses. For some-more information revisit a Audax Group
website www.audaxgroup.com.

Article source: http://www.businesswire.com/news/home/20140331006269/en/AAMP-America-Announces-Acquisition-UK-Based-Armour

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