News

Jan 2022

Audax Private Debt Provides Financing to Support Incline Equity Partners’ Investment in Alliance Environmental Group

Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support the acquisition of Alliance Environmental Group (“Alliance” or the “Company”) by Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm.

Founded in 1995 and based in Azusa, CA, Alliance Environmental Group is a provider of residential and commercial environmental remediation services. Alliance offers a full suite of facility and property remediation services, such as indoor air quality, asbestos abatement, pest control and other environmental remediation services. As one of the most experienced and trusted environmental contractors in California, Alliance’s teams complete more than 2,000 jobs every month, and to date have successfully completed more than 200,000 remediation projects — from residential duct removals to full-scale commercial building abatement. The Company’s more than 15,000 customers include insurance carriers, real estate and lending institutions, restoration specialists, construction companies and government agencies, as well as private industry and homeowners.

“The Alliance Environmental Group team has built an outstanding business with an excellent reputation for providing quality services,” said Peter Stern, Managing Director at Audax Private Debt. “The company has grown in recent years through several strategic acquisitions such as Thermatech Northwest and Coast Environmental — and we believe Incline is the partner to help the Company pursue its next level of growth.”

“Audax Private Debt has demonstrated that it is a trusted and collaborative financing partner throughout our investment process,” said Joe Choorapuzha, Partner at Incline. “The Alliance team has done an outstanding job in growing the Company’s geographic footprint and providing safe, efficient, high-quality services — and we are excited to work with the Audax team to help support Alliance Environmental Group’s continued success.”

About Alliance Environmental Group
Alliance offers a full suite of facility and property remediation services, such as indoor air quality, asbestos abatement, pest control and other environmental remediation services. The Company operates out of 14 locations in 4 states in the U.S.

For more information, please visit www.alliance-enviro.com.

About Incline Equity Partners
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.

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