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Audax completes acquisition of Genuine Parts unit

Atlanta-based automotive parts distributor Genuine Parts Co. completed the sale of its EIS Inc. subsidiary to Audax Management Co. LLC, effective Sept. 30.

EIS, or the Electrical Specialties Group of Motion Industries, is a converter, fabricator and distributor of electrical process materials, wiring, cable and assemblies. The North America-based subsidiary serves about 20,000 customers.

Financial terms of the deal were not disclosed.