Audax Private Debt Provides Financing for Purchase of RotoCo
Audax Private Debt provided a unitranche credit facility to support the acquisition of RotoCo by Bessemer Investors, a New York-based private equity firm. Audax acted as administrative agent and joint lead arranger.
Founded in 1974 and headquartered in Vista, California, RotoCo provides plumbing, drain, and water restoration services to residential and commercial customers. RotoCo is the largest Roto-Rooter franchisee, comprised of 23 franchises across 10 regional branches in California.