US-based private equity firm Audax Group has acquired a share of water and pool systems provider Neptune-Benson.

Barry Gertz, president of Neptune-Benson said: "I'm very excited about the opportunity to work with Audax Group and their team of professionals who have vast experience and operational expertise in growing businesses of our size.

"They offer tremendous resources to help shape the future of Neptune-Benson by supporting organic growth initiatives and the execution and integration of add-on acquisitions."