Financial terms were not disclosed by Audax, but peHub reported the exit multiple citing an unnamed source.
Audax bought the business in 2006 through its $700m second fund, which it closed a year earlier.
In the time the company, which provides restaurant and food services equipment, design and remodelling services, has grown its revenues from $260m to more than $1bn.
Audax co-CEO Geoffrey Rehnert said, “Jerry and the TriMark team have done an exceptional job growing the company organically and through 6 acquisitions to create the clear leader in the industry and a company capable of serving both local markets and national accounts.
“We wish TriMark continued success on the next leg of growth with its new partner.”
Copyright © 2014 AltAssets