Audax Personal Debt introduced that, as Administrative Agent and Co-Lead Arranger, it offered a Second Lien Credit score Facility to assist the merger of QuantiTech, a portfolio firm of Sagewind Capital and main supplier of technical engineering and administration assist providers for mission important protection applications, and Millennium Engineering and Integration Firm (“MEI” or the “Firm”).
Headquartered in Arlington, VA, MEI offers technical engineering providers, analysis and improvement assist, and techniques engineering and integration (SE&I) options to prospects within the house, protection, cyber, and intelligence communities.
“The mixture of QuantiTech and MEI creates a number one supplier of mission-critical providers to america’ protection neighborhood,” stated Shehzad Ajmal, Managing Director at Audax Personal Debt. “We’re excited in regards to the alternative to associate with Sagewind Capital on this transaction and imagine their expertise within the authorities providers sector will assist the enterprise obtain the following degree of progress.”
“Audax Personal Debt offered super assist and financing certainty all through this course of,” stated Steve Lefkowitz, Founding Accomplice of Sagewind. “We stay up for working with the Audax crew as we proceed to pursue progress alternatives for the mixed platform.”
Based in 1991 and primarily based in Huntsville, AL, QuantiTech is a number one supplier of extremely technical engineering and administration assist providers for the federal authorities. It serves mission important applications, primarily to key protection companies answerable for sustaining technological superiority. QuantiTech’s capabilities are centered on techniques engineering, cybersecurity, take a look at & analysis and program administration for key protection end-markets akin to hypersonics, counter unmanned plane techniques and human spaceflight for the Military, Air Power, NASA and numerous different protection companies. For extra data, please go to www.quantitech.com.
About Millennium Engineering and Integration Firm
Based in 1995 and primarily based in Arlington, VA, Millennium Engineering and Integration Firm is a number one supplier of technical engineering providers, analysis and improvement assist, and techniques engineering and integration (SE&I) options to prospects within the house, protection, cyber, and intelligence communities. Serving the Air Power, Missile Protection Company, NASA, and different authorities companies, MEI expands the capabilities of as we speak’s floor, air, and house techniques via advancing the applied sciences of tomorrow’s techniques. For extra data, please go to www.meicompany.com.
About Audax Personal Debt
Audax Personal Debt has invested over $21 billion throughout greater than 830 established center market corporations in assist of over 235 personal fairness sponsors. Our platform affords a spread of financing options, together with first lien, stretch senior, unitranche, second lien and subordinated debt, in addition to fairness co-investments. We offer financing certainty, add-on funding functionality, and the expertise and collaborative strategy to work with portfolio corporations. Primarily based in New York, our skilled crew of funding professionals has constructed lasting relationships, establishing Audax Personal Debt as a trusted identify within the U.S. center market. For extra data, please go to www.audaxprivatedebt.com.
Audax Personal Debt is an integral a part of Audax Group, a number one various funding supervisor headquartered in Boston with places of work in New York and San Francisco. Since its founding in 1999, the agency has raised over $27 billion in capital throughout its Personal Debt and Personal Fairness companies.
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