Sep 2023

Audax Private Debt Provides Financing to Support Quad-C Management’s Acquisition of Vortex Companies

Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Quad-C Management (“Quad-C”) in their acquisition of Vortex Companies (“Vortex” or the “Company”).

Founded in 2015 and headquartered in Houston, TX, Vortex is a global provider of trenchless infrastructure rehabilitation products and services. The Company delivers a comprehensive suite of rehabilitation products, equipment, services, and field support to municipal, industrial, and commercial end markets across the U.S. and Europe. Vortex is focused on providing customers a broad range of industry leading, cost-effective trenchless solutions and technical expertise, best suited for their project needs.

“Vortex has established itself as a leading provider of trenchless rehabilitation solutions,” said Bryant Shain, Managing Director at Audax Private Debt. “The Company’s broad portfolio of products and services, as well as expansive geographic footprint, provide a unique value proposition to its growing customer base. We are thrilled to be partnering with Quad-C and Vortex’ management to support the Company in this new chapter.”

Tom Hickey, Partner at Quad-C said, "We are excited to be working with the Audax team again in connection with our acquisition of Vortex Companies. Their collaborative working style and thoughtful approach to financing solutions led to a smooth overall process. We look forward to scaling Vortex’s platform and supporting the Company’s growth objectives ahead.”


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, the firm has invested more than $35 billion in support of over 275 private equity sponsors. Audax Private Debt works collaboratively to build tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co-investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. For more information, follow us on LinkedIn.