NEW YORK–(BUSINESS WIRE)–Audax Private Debt (“Audax”) announced that, as Administrative Agent and Sole Lead Arranger, it provided a Second Lien Credit Facility supporting H.I.G. Infrastructure, an affiliate of H.I.G. Capital (“H.I.G.”), in their acquisition of Tower Engineering Professionals (“TEP” or the “Company”).
Founded in 1997 and headquartered in Raleigh, NC, TEP is a leading provider of engineering, inspection, maintenance, and construction management services for telecommunication infrastructure. The Company serves cell tower owners, wireless carriers, and fiber network providers throughout the U.S. and Canada. The Company has helped design over 200,000 structures since inception.
“Tower Engineering Professionals has established itself as a leading, multi-discipline telecom engineering services firm,” said Dan Horan, Managing Director at Audax Private Debt. “The Company’s broad portfolio of services and expansive North American footprint provide a unique value proposition to its growing customer base, and we are thrilled to partner with H.I.G. and management to support the Company in this exciting next chapter.”
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 $34 billion across more than 1,100 companies in support of over 275 private equity sponsors and has raised over $27 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 50 investment professionals and over 190 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, San Francisco, and London.
Contacts
Dan Horan
Managing Director
(212) 703-2747
dhoran@audaxgroup.com
Media
FGS Global
Julie Rudnick / Catherine Livingston
audax@fgsglobal.com
