Audax Private Equity (“Audax”) and GCX Mounting Solutions today
announced the formation of a strategic partnership under which Audax acquired a majority stake in GCX. Terms of the
transaction were not disclosed.

Based in Petaluma, CA, GCX is the global leader in the design and manufacturing of healthcare-focused, mission-critical
equipment mounting and mobility solutions, including branded-arms, mounts, and roll stands. Products are engineered
for reliability and quality and sold to medical device OEMs and directly to hospitals. GCX has a 50-year history of
organic growth and 330-plus employees worldwide, with offices in North America, Europe, Japan, and Taiwan.

“We are very excited to be part of the Audax family and look forward to benefiting from their established history within
the healthcare and medical device sector,” said Del France, Chief Executive Officer of GCX. “The Audax model is a
great fit for GCX. Our customers, suppliers, and employees stand to benefit greatly from this partnership. This enables
the next stage of growth for the organization through investment in customers, products, channel, and merger &
acquisition opportunities, all while retaining our core values and commitment to quality, service, and innovation.”

“GCX is a longstanding leader in the healthcare-focused mounting and mobility solutions market, celebrating 50-plus
years of success underpinned by commitment to quality, service, and innovation,” said David Wong, Managing Director
of Audax.

“We have acquired a set of products and capabilities that are best in breed, and an organization with an exceptional
culture. We believe that GCX is well positioned to execute on organic growth opportunities and complete strategic
acquisitions, and we look forward to partnering with Del and the team as GCX enters its next phase of growth,” said
Young Lee, Managing Director of Audax.

William Blair & Company acted as financial advisor and Orrick, Herrington & Sutcliffe served as legal counsel to GCX.
Ropes & Gray, LLP served as legal counsel, and Robert W. Baird & Co. and Stifel served as advisors to Audax.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its
founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses.
Audax Private Equity has invested over $7 billion in more than 140 platforms and over 1,000 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.

About GCX Corporation

GCX Corp., based in Petaluma, CA, has been providing medical device and IT mounting solutions for the healthcare industry since 1971, through direct sales and working with original equipment manufacturers (OEM). Major product lines include wall mounts, roll stands, countertop mounts, pole mounts, and a variety of mounting accessories. GCX mounting solutions feature space-saving, ergonomic designs to improve both equipment and patient access. The company has offices in North America, Europe, Japan and Taiwan. It also operates warehouse and production facilities in Petaluma, California; El Paso, Texas; and New Taipei City, Taiwan. For more information, visit www.gcx.com.

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