Oakbridge-Audax deal valued broker at ~17x Ebitda
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Oakbridge-Audax deal valued broker at ~17x Ebitda

Adam McNestrie
September 28, 2023
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Atlanta-based brokerage Oakbridge Insurance Agency sold to middle-market PE house Audax for around $575mn, equivalent to roughly 17x adjusted Ebitda, this publication has learned. 

Sources told this publication that the final adjusted Ebitda used for bidding was $33mn to reflect recent M&A, slightly above the $30mn this publication trailed when it revealed Oakbridge was to be sold in June.

It

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