May 2024

Audax Private Debt Provides Financing to Support Tailwind Capital’s Acquisition of GrayMatter

NEW YORK - Audax Private Debt was the sole Mezzanine Notes provider to support Tailwind Capital in their acquisition of GrayMatter, an industrial automation services and consulting company focused on helping customers across a variety of end markets optimize their manufacturing operations with digital solutions.

Founded in 1991 and headquartered in Pittsburgh, PA, GrayMatter provides industrial intelligence technology solutions and software tools for food & beverage, pharmaceutical, consumer goods, and diversified industrials end markets, amongst others. GrayMatter offers advanced industrial analytics, automation & controls, industrial cybersecurity, and other operations technology services to help organizations transform their plant-level and manufacturing control systems.


Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $37 billion in support of over 275 private equity sponsors. Audax Private Debt works collaboratively to build tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. For more information, please visit or follow us on LinkedIn.