Chicago, Illinois – March 21, 2019; City Capital Advisors, a Chicago-based middle market investment bank serving family owned and closely held private companies, announced today that it acted as exclusive financial advisor to Nagy FleetNet, Inc., a leading aftermarket electronics supplier to the commercial fleet industry, in the sale of the company to AAMP of Florida, Inc., a leading supplier of consumer and automotive aftermarket electronics and a portfolio company of Audax Group.
Tom Nagy, President of Nagy FleetNet, said “AAMP is an ideal partner for our company. Nagy FleetNet has significant growth opportunities in the commercial fleet industry, and AAMP’s resources and scale will enable our team to move forward and address those opportunities.
About Nagy FleetNet, Inc.
Nagy FleetNet, Inc. was founded by Tom Nagy in 1986 and has become a leading supplier of 12V safety and security accessories for commercial fleet customers operating Class 1-5 trucks. Nagy FleetNet also assembles niche application wire harnesses for the Company’s fleet customers and for original equipment manufacturers in the recreational vehicle, HVAC and armored vehicle markets.
About AAMP of Florida, Inc.
AAMP of Florida, Inc. is a leading manufacturer and distributor of aftermarket automotive electronic integration devices, integrated aftermarket automotive safety products, car audio accessories and consumer electronics connectivity products.
About Audax Group
Audax Group is a premier investor in middle market companies. Since its founding in 1999, Audax Group has invested in 120 platform companies, which have in turn completed more than 725 add-on acquisitions.
About City Capital Advisors, LLC
City Capital Advisors, a FINRA registered broker-dealer, is a middle market investment bank focused on family owned and closely held private companies. Client engagements are managed exclusively by senior investment bankers who deliver business owners optimal performance in capitalizing on the value of their companies and meeting their objectives as shareholders. City Capital Advisors’ investment banking professionals have successfully advised clients on merger and capital markets transactions totaling in excess of $60 billion.