AIS taken over by private equity firm

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16 October 2007 — Hudson (MA): Office furniture maker Affordable Interior Systems (AIS) has been acquired by private equity firm Audax Group.

 

In a statement Audax said that the AIS senior managers, including chairman Arthur Maxwell and CEO Bruce Platzman, will retain significant ownership in the company while continuing to take charge of the day-to-day running of the business.

 

The financial terms of the transaction have not been disclosed.