Quadrant Private Equity (Quadrant) has acquired a majority interest in Annex Products Pty Ltd (Annex), the maker of Quad Lock, an innovative, case-based, mobile device mounting ecosystem that caters to outdoor enthusiasts. Quadrant is investing alongside the founders of the business, Rob Ward and Chris Peters. Moss Adams Capital acted as financial advisor to Annex.
“Working with the Moss Adams team was great, and, although we did the entire deal remotely, we were always confident that Tyler and his team understood our needs and were 100% across all aspects of the deal,” said Rob Ward, co-founder of Annex.
Since its founding in 2011, millions of Quad Lock products have shipped to more than 100 countries. The Quad Lock brand has grown to be a global leader in smartphone mounting solutions as a result of its continued focus on high-quality products, global distribution network and brand position, particularly in the cyclist, motorcycle, and drive and run segments.
Justin Ryan, managing partner at Quadrant Private Equity, said, “Quad Lock has experienced very strong growth in recent years due to the company’s global customer reach, market leading direct-to-consumer online business, and ongoing focus on innovative new product development. We are excited to be partnering with Rob, Chris, and the Quad Lock team in their next phase of growth.”
Quadrant Private Equity is a leading, Sydney-based middle market private equity group. The firm has raised in excess of $5.1 billion and 10 funds since inception. This represents the sixth investment that Quadrant has made from the $400 million Quadrant Growth Fund, which was raised in April 2019.
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For more information regarding this deal, please contact:
Tyler Dale, Director | (949) 221-4030
Bradley Erhart, Vice President | (949) 517-9452