Apr 2024

Audax Private Debt Provides Financing to Support Morgan Stanley Capital Partners’ Acquisition of Resource Innovations

NEW YORK -- Audax Private Debt announced that, as Lead Investor, it provided Mezzanine Debt to support Morgan Stanley Capital Partners in their acquisition of Resource Innovations (“RI” or the “Company”), a leading tech-enabled energy efficiency and sustainability services company.

Headquartered in the San Francisco Bay Area, RI provides advisory services, program management services, and software to utility, government, and corporate clients in the areas of energy efficiency and decarbonization with the goal of lowering energy costs, reducing waste, cutting greenhouse gas emissions, and improving grid resiliency. The Company is a recognized leader in working with utilities to develop and implement both traditional energy efficiency programs, including lighting, weatherization, and controls, as well as emerging growth areas such as electric vehicle charging, distributed solar, and demand response.


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 $36 billion in support of over 275 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.