Tree Line Capital Partners Expands Lower Middle-Market Direct Lending Platform

SAN FRANCISCO, Calif., March 21, 2019 (GLOBE NEWSWIRE) -- Tree Line Capital Partners, LLC, (Tree Line) today announced the expansion of its lower middle-market direct lending platform with the addition of approximately $800 million of new debt and equity commitments. The new capital commitments have provided Tree Line with additional dry powder to continue to provide senior secured financing solutions to lower middle-market borrowers and sponsors.

Tree Line now manages over $1.2 billion in private capital and directly lends to lower middle-market companies with between $3 million and $30 million in EBITDA in transactions up to $150 million. Since October 2014, Tree Line has committed over $1 billion in direct loans and has established a significant presence as a dedicated direct lender to lower middle-market companies.

Tree Line also continues to invest in its team and expand its reach into the lower middle-market. The company added three investment professionals in 2018 and is seeking to add four investment and operations professionals in 2019. 

 “2018 was a pivotal year for our platform, and we are excited about our continued momentum,” said Tom Quimby and Jon Schroeder, Managing Partners at Tree Line. “The expansion in our platform has furthered our capabilities to provide flexible and scalable financing solutions to our borrowers and sponsors. Private equity firms and borrowers seek to work with us on a repeat basis to access our efficient process and ability to support long-term growth, which we have demonstrated over the course of 65 financings to date. Tree Line has never been stronger as we continue to expand our platform, products and team.”

Recent transactions by the firm include:

• In November 2018, Tree Line served as the Administrative Agent of a senior secured credit facility to support acquisition financing for Pumpman, a portfolio company of Soundcore Capital Partners. The company is a national provider of on-site services, repair and maintenances for pumps in the commercial, industrial and municipal markets.
• In December 2018, Tree Line served as the Administrative Agent of a senior secured credit facility for Huron Capital’ s acquisition of WD Lab Grown Diamonds and provided an equity co-investment. The company utilizes industry-leading materials science technology and is a leading producer of premium lab-grown diamonds.
• In January 2019, Tree Line acted as the lead arranger and provided the last-out tranche of a senior secured credit facility for Flex Technology Group’s acquisition of Shamrock Office Solutions and Century Business Services; Tree Line also provided an equity co-investment. Owned by Oval Partners, the company is a national provider of managed print services across a diverse array of industries.

About Tree Line Capital Partners

Tree Line Capital Partners is a direct lender to U.S.-based lower middle-market companies. Tree Line’s principals have extensive direct lending experience with established, long-term sourcing relationships, deal structuring expertise, and rigorous underwriting and portfolio management systems, which deliver investors unique access to the lower middle-market. For more information, visit www.treelinecp.com.

Contact: Tom Quimby, tom@treelinecp.com