Audax Private Debt Provides Financing to Support Incline Equity Partners’ Investment in Alliance Environmental Group

·3 min read

NEW YORK, January 18, 2022--(BUSINESS WIRE)--Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support the acquisition of Alliance Environmental Group ("Alliance" or the "Company") by Incline Equity Partners ("Incline"), a Pittsburgh-based private equity firm.

Founded in 1995 and based in Azusa, CA, Alliance Environmental Group is a provider of residential and commercial environmental remediation services. Alliance offers a full suite of facility and property remediation services, such as indoor air quality, asbestos abatement, pest control and other environmental remediation services. As one of the most experienced and trusted environmental contractors in California, Alliance’s teams complete more than 2,000 jobs every month, and to date have successfully completed more than 200,000 remediation projects — from residential duct removals to full-scale commercial building abatement. The Company’s more than 15,000 customers include insurance carriers, real estate and lending institutions, restoration specialists, construction companies and government agencies, as well as private industry and homeowners.

"The Alliance Environmental Group team has built an outstanding business with an excellent reputation for providing quality services," said Peter Stern, Managing Director at Audax Private Debt. "The company has grown in recent years through several strategic acquisitions such as Thermatech Northwest and Coast Environmental — and we believe Incline is the partner to help the Company pursue its next level of growth."

"Audax Private Debt has demonstrated that it is a trusted and collaborative financing partner throughout our investment process," said Joe Choorapuzha, Partner at Incline. "The Alliance team has done an outstanding job in growing the Company’s geographic footprint and providing safe, efficient, high-quality services — and we are excited to work with the Audax team to help support Alliance Environmental Group’s continued success."

About Alliance Environmental Group

Alliance offers a full suite of facility and property remediation services, such as indoor air quality, asbestos abatement, pest control and other environmental remediation services. The Company operates out of 14 locations in 4 states in the U.S.

For more information, please visit www.alliance-enviro.com.

About Incline Equity Partners

Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.

About Audax Private Debt

Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, Audax Private Debt has invested over $26 billion across more than 960 companies in support of over 260 private equity sponsors, and has raised over $19 billion in capital. The platform offers its clients a range of financing solutions, including first lien, stretch senior, unitranche, second lien and subordinated debt, as well as equity co-investments. With more than 45 investment professionals and over 100 total employees, Audax Private Debt provides financing certainty, add-on investment capability, and the experience and collaborative approach to partner with private equity firms and their portfolio companies. For more information, please visit www.audaxprivatedebt.com or follow us on LinkedIn.

Audax Private Debt is an integral part of Audax Group, a leading alternative investment manager with offices in Boston, New York, and San Francisco.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118006169/en/

Contacts

Contact
Peter Stern
Audax Private Debt
(212) 703-2774
pstern@audaxgroup.com

Media
Sard Verbinnen & Co.
Julie Rudnick / Catherine Livingston
Audax-SVC@sardverb.com

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