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.
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
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