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Avalt purchases Ned Stevens

Avalt Holdings acquired Ned Stevens Gutter Cleaning & General Contracting Inc., which provides residential gutter cleaning and exterior home services.

Twin Brook Capital Partners served as administrative agent on $133 million of debt financing to support the transaction, along with Audax Private Debt and Carlyle Group's Global Credit Opportunities Fund.

Avalt, which is a family office that directly invests in the private equity space, received legal and accounting advice from Ropes & Gray LLP and Alvarez & Marsal, respectively.