Audax buys Wellspring Consumer Healthcare

Audax Private Equity has acquired Sarasota, Florida-based Wellspring Consumer Healthcare, which manages a portfolio of consumer healthcare brands that include Emetrol, Bonine, Bactine, GlaxalBase, and FDS. The seller was Sentinel Capital Partners. No financial terms were disclosed. Sawaya Segalas & Co. served as financial adviser to Wellspring with Houlihan Lokey acting as co-financial adviser.

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