Auxis, a management consulting and outsourcing firm based in Coral Gables, Florida, is interested in acquisitions and could raise growth capital, said CEO Raul Vega.
Founded 13 years ago, Auxis has grown organically, but now sees the opportunity to expand by making buys in verticals like its newly-launched government services practice or the outsourcing services space, said Vega. Between these initiatives and others, including the launch of its new recruiting and staffing division at the end of last year, Auxis is considering raising equity or debt later this year, Vega said. He declined to disclose revenue, but said the company has 85 employees.
Auxis would be interested in talking to bankers about possible buyside representation as it looks for targets, Vega said. A capital raise, however, is likely to be done internally. The company works with several corporate law firms.
Private equity could be considered if Auxis were to go ahead with the raise, said Vega, but equity raised would be via a minority stake sale, as Auxis' owners would not want to experience a change in control. The company has already received interest from potential investors, he added. Auxis has no debt and is owned primarily by its original founders, including Vega.
Auxis, with offices in Coral Gables; Plantation, Florida; and Washington, DC, has particular expertise in the areas of finance and accounting, supply chain management, and information technology consulting, said Vega. The company announced Vega's appointment to CEO earlier this month.
By Ellena Kleinman in Florida
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