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, a commercial waste management and environmental services provider to companies in the life sciences, healthcare, education and industrial markets, by Berkshire Partners. The financing consists of a unitranche term loan, delayed draw term loan and revolver.
“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,” Eric Muller, partner and portfolio manager at OHA, said. “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.”
