Audax Private Debt Provides Financing to Support Gemspring Capital’s Acquisition of TRG
NEW YORK - Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a senior secured credit facility to support Gemspring Capital in their acquisition of TRG (the “Company”), a leading distributor of industrial & enterprise hardware and provider of related managed support services, including solutions design, deployment, onboarding, repair & maintenance, and cybersecurity.
Founded in 2002 and headquartered in Westlake, OH, TRG serves as an intermediary between original equipment manufacturers (“OEMs”) and end-customers primarily across retail, service, manufacturing, and distribution end-markets in more than 50 countries.
The Company provides both hardware offerings, including barcode scanners, laptops and tablets, smartphones, printers, and other related products, and end-to-end lifecycle management services for over 10 million essential devices.
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 $52 billion in support of over 295 private equity sponsors. Audax Private Debt provides 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 35 years in private credit and 23 years working together at the firm through multiple economic cycles.
