Crestline Investors, Inc. (“Crestline”) closed and funded an investment in a senior secured credit facility to Tria Federal (“Tria”), the premier middle-market IT and Advisory solutions provider delivering digital transformation across the federal sector. Crestline’s U.S. Direct Lending business committed to the transaction along with three other lenders. The senior secured credit facility provided by the club of lenders will facilitate the funding of Softram’s acquisition and refinance of an existing debt facility. This is Crestline’s first deal with Sagewind Capital, the sponsor behind Tria.
Tria Federal, organized into Advisory and Technology Services units, provides specialized healthcare consulting and transformative IT solutions, including digital transformation, cybersecurity, and data science. Tria serves key health agencies, including the Department of Veterans Affairs and the Department of Defense Health. Backed by Sagewind Capital, Tria recently acquired Softrams, a leader in digital modernization for federal health agencies.
“Crestline is excited to support Tria Federal in this strategic acquisition,” said Taylor Brown, Director at Crestline. “The acquisition of Softrams enhances Tria’s capabilities, adds new agency relationships, and supports Tria’s position in the federal health services market. We are confident this partnership will drive continued growth and innovation.”
“The partnership with Crestline has been instrumental in positioning Tria for future success,” said Raj Kanodia, Managing Director at Sagewind Capital. “We are thrilled to have Crestline’s support as we expand Tria’s platform and create new opportunities within the federal government services market.”
About Crestline Investors
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $20 billion in assets under management (as of June 30, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About Sagewind Capital
Sagewind Capital LLC, a U.S. company, is a government technology-focused private equity firm with offices in both New York City and the Washington, DC area. Sagewind seeks to partner with exceptional management teams and focuses on significant capital appreciation by helping businesses grow organically and through strategic acquisitions. The firm is focused on long-term capital appreciation and has the flexibility to own businesses for extended periods. For more information, please visit www.sagewindcapital.com.
About Tria Federal
Tria Federal (Tria) is the premier middle-market Technology and Advisory services provider delivering mission-critical digital transformation solutions to Health and Public Safety agencies across the federal sector. With a future-forward vision and a mission rooted in service, Tria bridges capability gaps to transform the business of government, helping agencies work faster, grow smarter and stay nimble in the face of change. For more information, please visit triafed.com.
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