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Carlyle Agents, Arranges Senior Debt Financing of Apex Companies

February 02, 2023, 07:45 AM
Filed Under: Engineering

Carlyle announced that its Global Credit platform has provided senior debt financing in support of the acquisition of engineering consultancy Apex Companies LLC, managed by Morgan Stanley Capital Partners (“MSCP”). Carlyle served as Administrative Agent, Joint Lead Arranger and Bookrunner for the transaction. The financing will include a committed delayed draw term loan to be used for acquisitions.

Apex Companies provides award-winning consulting and engineering services with a robust portfolio of capabilities in water, environmental, health and safety, construction management, transportation, compliance and assurance, and infrastructure. Headquartered in Rockville, MD, Apex operates in all 50 states and maintains a highly capable and diverse team of scientists, geologists, engineers, consultants, technicians, and information management specialists.

“We are grateful for the strong partnership we have with Morgan Stanley Capital Partners and are excited to be investing alongside them in Apex Companies. The Company’s critical, compliance-driven service offerings, operational excellence, and national scale have driven strong historical growth, and we look forward to supporting their next chapter under MSCP’s ownership,” said Miles Toben, a Managing Director at Carlyle Global Credit.

“We were pleased to work with Carlyle on this transaction. The financing solution provided in the context of a challenging market backdrop underscores our valued partnership and will be instrumental in supporting our long-term strategic growth plans for Apex,” said Eric Kanter, Managing Director and Head of Industrials at MSCP.

Carlyle Global Credit manages $141 billion in assets as of September 30, 2022. It is an active provider of private credit solutions across the capital structure, including senior secured loans, unitranche loans and junior debt.

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