February 2024
Source Capital, through its first SBIC fund, is pleased to announce its investment in Septic Blue, Inc. (the "Company"), a Southeast regional leader in providing comprehensive septic tank services to the residential markets in Georgia and North Carolina. The fund supported the acquisition of the Company by private equity sponsor Georgia Oak Partners ("Georgia Oak"), providing debt financing and an equity co-investment.
Headquartered in the Atlanta, GA metro area, the Company, through its team of field technicians, focuses on septic tank pumping, cleaning, inspection, maintenance, repair, field line replacement and installations. Septic Blue operates with an established footprint across three different metro areas, Atlanta, Charlotte, and Raleigh.
'We are excited to close our second investment with Georgia Oak, which has a long history of providing both strategic and operational expertise to its investments. Septic Blue is an interesting opportunity in the home-services space, which collectively has been gaining strong momentum for several years, and we look forward to partnering with Georgia Oak and the Company to support its strategic plan.'- Joe Rodgers, Managing Director at Source Capital.
About Source Capital, LLC
Source Capital is a private investment firm focused on providing flexible equity and debt capital to lower middle-market companies across a range of industries. Source Capital's investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Since its founding in 2002, Source Capital has made 27 equity platform investments, 50 add-on acquisitions and 50 debt investments through four separate credit funds. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team.