NDI Announces Change of Ownership
December 21, 2007
WATERLOO, Canada -- NDI announced today that they have completed a transaction to sell a controlling interest of NDI to Audax Group.
Audax Group, founded in 1999 with offices in Boston and New York, is a leading investor in middle market companies. Audax is excited to invest in NDI given NDI’s solid financial performance and significant growth opportunities. For more information visit the Audax Group website.
NDI expects little or no change to the day-to-day operation of the Company. The current NDI leadership team is staying intact with the exception of Jim Kearns, C.O.O. and David Crouch, President & C.E.O., who plan to transition out of the business within the next year. As such, NDI and Audax Group have begun the recruitment for these Executive responsibilities.
The NDI team looks forward to working with Audax Group to build on NDI’s successes of the past twenty-six years and to ensure NDI’s continued leadership in the development of measurement innovations.
