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.”