OHA is Administrative Agent & Joint Lead Arranger of Private Unitranche Financing Supporting Berkshire Partners’ Acquisition of Triumvirate Environmental

Rhea-AI Summary

Oak Hill Advisors (OHA) has acted as Administrative Agent and Joint Lead Arranger for a private unitranche facility supporting Berkshire Partners' acquisition of Triumvirate Environmental. The financing package includes a unitranche term loan, delayed draw term loan, and revolver.

Triumvirate Environmental is a specialized commercial waste management and environmental services provider serving life sciences, healthcare, education, and industrial markets. OHA's existing relationship with Berkshire Partners, combined with their financing flexibility and structuring expertise, enabled them to quickly evaluate the opportunity and provide a customized financing solution.

Positive

• Strategic acquisition financing secured for Triumvirate Environmental
• Comprehensive financing package including unitranche term loan, delayed draw term loan, and revolver
• Established relationship between OHA and Berkshire Partners facilitating deal execution

Negative

• None.

New York, New York, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Joint Lead Arranger for the private unitranche facility used to support the acquisition of Triumvirate Environmental, Inc. (“Triumvirate”) by Berkshire Partners. Triumvirate is a specialized commercial waste management and environmental services provider to companies in the life sciences, healthcare, education and industrial markets. The financing consists of a unitranche term loan, delayed draw term loan and revolver.

OHA’s financing flexibility and structuring expertise combined with its existing relationship with Berkshire Partners positioned it to quickly diligence the opportunity and provide the sponsor with a tailored financing solution.

“We are pleased to extend our long-standing partnership with Berkshire Partners and employ OHA’s full-service capabilities to deliver an effective financing solution for this transaction,” said Eric Muller, Partner and Portfolio Manager at OHA. “Triumvirate has demonstrated its ability to carve out a niche competitive position within the industry and we look forward to helping advance the company’s growth trajectory.”

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About OHA: Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm manages approximately $71 billion of capital across credit strategies, including private credit, high yield bonds, leveraged loans, stressed and distressed debt and collateralized loan obligations as of September 30, 2024. OHA’s emphasis on long-term partnerships with companies, sponsors and other partners provides access to a proprietary opportunity set, allowing for customized credit solutions across market cycles.

With over 400 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit oakhilladvisors.com.

About Triumvirate Environmental:  Founded in 1988, Triumvirate Environmental provides sustainable environmental solutions to leading companies in the Life Sciences, Healthcare, Education, and Advanced Manufacturing end markets. The company operates across North America serving more than 4,000 customers across 50 locations. Triumvirate Environmental’s highly trained experts help organizations reduce waste, save money, stay safe and compliant, manage risk, protect their reputation, and achieve ambitious sustainability goals. Using the most innovative technology and proven safety measures, we ensure environmental, health, and safety compliance for companies across service locations in North America. For more information, visit triumvirate.com.

About Berkshire Partners: Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm’s private equity team invests in well-positioned, growing companies across business & consumer services, healthcare, industrials, and technology & communications. Berkshire is currently investing from its Fund XI, which held its final closing in 2024 with approximately $7.8 billion in commitments. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests. The firm's public equity group, Stockbridge, founded in 2007, manages a concentrated portfolio seeking attractive long-term investments. For additional information, visit berkshirepartners.com.

FAQ

What type of financing did OHA provide for Triumvirate Environmental's acquisition?

OHA provided a private unitranche facility that includes a unitranche term loan, delayed draw term loan, and revolver as Administrative Agent and Joint Lead Arranger.

Who acquired Triumvirate Environmental and who financed the deal?

Berkshire Partners acquired Triumvirate Environmental, with Oak Hill Advisors (OHA) providing the financing as Administrative Agent and Joint Lead Arranger.

What markets does Triumvirate Environmental serve?

Triumvirate Environmental serves the life sciences, healthcare, education, and industrial markets as a specialized commercial waste management and environmental services provider.

What was OHA's role in the Triumvirate Environmental acquisition?

OHA served as Administrative Agent and Joint Lead Arranger for the private unitranche facility, leveraging their financing flexibility and structuring expertise to provide a tailored financing solution.