Audax Private Debt Provides Financing to Support Morgan Stanley Capital Partners’ Acquisition of Prescott’s, Inc.
NEW YORK -- Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Morgan Stanley Capital Partners in their acquisition of Prescott’s (the “Company”). Prescott’s is a provider of repair and maintenance services, refurbished equipment and parts sales, and rental solutions for surgical and biomedical equipment in healthcare facilities.
Founded in 1984 and headquartered in Monument, CO, Prescott’s is a leading provider of healthcare medical equipment service solutions, alongside refurbished equipment & parts sales, and rentals. The Company helps healthcare providers reduce equipment downtime, simplify equipment management, and reduce repair and maintenance costs. The Company covers critical surgical suite equipment modalities including surgical microscopes, infusion pumps, patient monitors, anesthesia machines and sterilizers. Prescott’s services health systems, outpatient facilities, clinics, and other care settings nationwide and in the UK through a differentiated workforce of repair technicians.
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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 $40 billion in support of over 285 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.
