Audax Private Debt announced that, as Agent and Lead Arranger, it provided a unitranche credit facility to support the investment in AIA Contract Documents (the “Company” or “ACD”) by True Wind Capital Management, a San Francisco-based private equity firm focused on investing in leading technology companies.
Headquartered in Washington, DC, ACD is the construction industry’s leading provider of customizable legal contracts. ACD has been the gold-standard of legal documents and a thought leader within the construction industry for over 130 years, dating back to 1888.
“ACD is a market leader in construction industry contract software with a loyal and diversified customer base,” said Ryan Benedict, Managing Director at Audax Private Debt. “We are excited to partner with True Wind Capital and are confident that their experience will help drive future growth.”
“Audax Private Debt played a crucial role in this transaction, and their team has been thoughtful and responsive throughout our investment process,” said Aaron Matto, Partner at True Wind. “We appreciate Audax’s partnership and look forward to working together to support ACD’s continued growth and success in this next chapter.”
ABOUT AMERICAN INSTITUTE OF ARCHITECTS
Founded in 1857, and headquartered in Washington, DC, AIA consistently works to create more valuable, healthy, secure, and sustainable buildings, neighborhoods, and communities. Through more than 200 international, state and local chapters, AIA advocates for public policies that promote economic vitality and public wellbeing.
AIA provides members with tools and resources to assist them in their careers and business as well as engaging civic and government leaders and the public to find solutions to pressing issues facing our communities, institutions, nation, and world. Members adhere to a code of ethics and conduct to ensure the highest professional standards. For more information, visit www.aia.org.
AIA Contract Document Division
AIA Contract Document Division is a provider of 200+ industry standard construction contracts and forms. ACD’s contracts are used by lawyers, architects, engineering and construction firms. For more information, visit www.aiacontracts.org.