Audax Private Debt, as administrative agent and sole lead arranger, provided a unitranche credit facility to support the acquisition of Quality Valve by The Stephens Group, a Little Rock, AR-based private investment firm.
Founded in 1994 and headquartered in Mobile, AL, Quality Valve is an independent distributor of specialty valve replacement and repair parts and accessories. The company distributes whole relief valves and parts, pump accessories, and control valves with end users spanning across a variety of end markets. Quality Valve keeps a vast inventory of original equipment manufacturer spare parts from a variety of valve manufacturers, enabling the availability of parts across the valve industry.
“The Quality Valve team has done an impressive job building the business and solidifying their market position to service all constituents of the valve industry,” Adam Weiss, managing director at Audax Private Debt, said. “We’re excited to partner with The Stephens Group as they look to build upon the businesses momentum and help the company reach its next level of growth and expansion.”
“We are thrilled to have Audax’ support for this investment. The team was collaborative and consistently responsive to our investment needs throughout the process,” Grant Jones, managing director at The Stephens Group, said. “We look forward to their continued partnership as we execute on the company’s growth initiatives.”
