AIS gets an investor; Audax buys large stake of Hudson firm.(BUSINESS)

Telegram & Gazette (Worcester, MA) | October 16, 2007 | Copyright

Byline: Lisa Eckelbecker

HUDSON - The Audax Group, an investment firm with offices in Boston and New York, has purchased a majority stake in Hudson-based office furniture maker AIS Inc., the companies reported yesterday.

Financial terms of the deal were not disclosed. AIS Chief Executive Bruce Platzman said the transaction allowed AIS to consolidate the ownership of the privately held business and obtain access to money for growth. The deal was closed after an exhaustive search on the part of AIS, he said.

"Audax was the company we felt most ...

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