WhiteHorse Capital Provides New Credit Facility to TriplePoint Acquisition Holdings LLC
June 27, 2024 – WhiteHorse Capital is pleased to announce that it has agented a new first lien credit facility in support of Stellex Capital Management’s (“Stellex”) acquisition of TriplePoint Acquisition Holdings LLC (“TriplePoint”). Founded in 1953 and headquartered in Houston, TX, TriplePoint is one of the nation’s leading commercial service providers of HVAC, plumbing and other industrial installation, repair and maintenance services throughout the Midwest and Sunbelt.
“WhiteHorse Capital was a strong partner throughout this transaction. They swiftly delivered a financing package that meets our business needs, and we look forward to working together in an effort to support TriplePoint’s next stage of growth”, said Michael Cochran, Principal at Stellex Capital.
Jason Hicks, Managing Director at WhiteHorse Capital, added, “We appreciate the opportunity to partner with Stellex and the TriplePoint management team, and we look forward to supporting them as they execute on their growth plan.”
About TriplePoint
Founded in 1953 and headquartered in Houston, TX, TriplePoint is an outsourced commercial service provider of HVAC, plumbing and other industrial installation, repair and maintenance services. The Company provides these services across the commercial facility lifecycle, from pre-fab installation to ongoing replacement, maintenance & repair. For more information, please visit https://triplepointmep.com.
About WhiteHorse Capital
WhiteHorse Capital provides debt financing to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy. To learn more visit www.whitehorse.com.