New York, NY (October 12, 2010) – KODA Distribution Group (“KDG”), of Garland, TX, a portfolio company of KODA Enterprises Group of Lexington, MA, has been acquired by Audax Group of Boston, MA. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to KODA Distribution Group.

KODA Distribution Group is the largest specialty chemical distributor in the United States, consisting of Monson Companies, Inc., based in Leominster, MA, GMZ Inc., based in West Chester, OH, and Ribelin Sales Inc., based in Garland, TX. The Company represents the widest range of specialty chemical lines in the industry, and sells nationally to a broad and diversified group of customers.

KODA Enterprises Group (www.koda.com) acquires companies which are, or have the potential to become, market leaders and works with a strong management team to monitor, challenge, and help mold successful growth strategies. KODA has limited outside investors with equity interests or short-term exit strategies, so a long-term perspective prevails.

Audax Group (www.audaxgroup.com) is a leading investor in middle market companies. Audax Private Equity, a division of Audax Group, seeks to acquire controlling interests in companies with the potential to achieve sustainable growth through add-on acquisitions, global expansion, operational improvement, management additions, or strategic refinement. Audax was founded in 1999 and is currently investing from its third private equity fund, which has over $1 billion of committed capital.

Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 - $450 million.