Building Businesses Together

Tree Line has delivered financing to over 60 add-on acquisitions driving our borrowers’ expansion. We want to do more than close a deal. We want to help build a business.

Sandcastle

Driving Lower Middle-Market Buy & Builds

Tree Line is a leading provider of add-on acquisition financing to the lower middle-market. We understand private equity firms are attracted to the lower middle-market to execute buy & build strategies. We have built our platform to scale to not only support the initial platform acquisition but to drive meaningful growth through acquisitions. With over $500M in financings funded across over 73 add-on acquisitions, buy & build strategies have become a mainstay in lower middle-market strategy.

We have routinely provided meaningful and flexible delayed draw term loan commitments so sponsors and borrowers can reliably plan to execute their growth plans. Our partnership as a lender can deliver meaningful enterprise value growth and multiple expansion to our sponsor partners.

$2.1B

Commitments Issued

$1.6B

New Platforms

$0.5B

Add-On Financings

LMM Opportunity Set

175,000
Companies in U.S. With Between $10 and $100M in Revenue

129
Tree Line Companies Financed

73
Tree Line Add-on Financings

Tree Line Buy & Build Lending Success

Buy & build strategies create proprietary financing opportunities to the incumbent lender

Tree Line has strategically focused on lower middle-market sponsors that target add-on acquisitions

Delivers an efficient way to grow with performing borrowers and lend against increasing value

Our ability to provide delayed draw term loans has been a differentiating factor in building $75M+ facilities

Project Managed Print

  • An independent sponsor was seeking a lender capable of supporting its lower middle-market platform which only required $15M at close and being able to deliver substantial follow-on financing capacity
  • Tree Line increased credit facility from $15M to $180M to support acquisitive growth together with bank and club partners
  • Tree Line increased its position from $4M to $60M

$165M

Credit Facility Increase

$54M

Tree Line Position increase

8x

Increase in EBITDA

13

Add-on acquisitions completed

Project Dental

  • A Bay Area-based sponsor was seeking a lender familiar with roll-up financings and transaction structures for multi-site healthcare businesses, with the ability to scale significantly for add-on acquisition
  • Tree Line increased credit facility from $12M to $80M to support acquisitive growth in conjunction with a club partner
  • Tree Line increased its position from $12M to $50M

$68M

Credit Facility Increase

$38M

Tree Line Position increase

6x

Increase in EBITDA

13

Add-on acquisitions completed

Project Energy Management

  • A Michigan-based sponsor was seeking a lender with the capability to underwrite an acquisition financing term loan and significant equity co-investment for an energy brokerage business
  • Tree Line increased credit facility from $21M to $94M to support acquisitive growth in conjunction with a club partner
  • Tree Line increased its position from $21M to $60M

$73M

Credit Facility Increase

$39M

Tree Line Position increase

4x

Increase in EBITDA

4

Add-on acquisitions completed