Varagon Capital Partners Supports Palladium Equity Partners' Acquisition of ALC Schools

Varagon Capital Partners (Varagon) today announced it is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of ALC Schools, LLC by affiliates of Palladium Equity Partners, L.L.C. (Palladium).

ALC offers alternative student transportation solutions for a variety of student populations, including special education, homeless, foster and other in-need students. ALC’s transportation solutions ease school districts’ transportation challenges by providing an exceptional level of safety and consistency for their most vulnerable students. Each day, ALC coordinates transportation for hundreds of districts and thousands of students across the country. ALC has 23 field offices across the U.S., along with Student Monitoring and Tracking Centers in Utah and North Carolina. ALC’s technology solutions are driven by Red Rock Technology, LLC, a proprietary technology platform.

About Palladium Equity Partners

Palladium is a middle market private equity firm with approximately $3 billion in assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has made 35 platform investments and over 135 add-on acquisitions.

For more information about Palladium Equity Partners, visit www.palladiumequity.com.

About Varagon Capital Partners

Varagon Capital Partners is an asset manager focused on direct lending to middle market companies. Varagon invests across the capital structure and offers flexible financing solutions to meet the needs of borrowers and private equity sponsors. Varagon manages funds and accounts on behalf of institutional investors that seek exposure to high-quality, directly-originated middle market loans. As of December 31, 2019, Varagon had made over $14.5 billion of financing commitments to over 180 companies.

For more information about Varagon, visit www.varagon.com.

Media Contact

Nathaniel Garnick/Amanda Klein
Gasthalter & Co.
(212) 257-4170
Varagon@gasthalter.com