Opifex-Synergy Issues $450 Million of Senior Secured Notes due 2034

Strategic financing supports fleet expansion, specialty fleet investments, and customer service capabilities

HOUSTON--(BUSINESS WIRE)--Opifex-Synergy, one of the largest independent equipment rental and infrastructure services providers in the United States, today announced the issuance of $450 million of Senior Secured Second Lien Notes due 2034. Proceeds expected to strengthen the company’s capital base and support its continued growth serving customers across major infrastructure, industrial, and institutional commercial projects nationwide.

J.P. Morgan served as lead bookrunner. Opifex-Synergy intends to use a portion of the net proceeds to further modernize its fleet, broaden specialty equipment offerings, and deepen relationships with enterprise clients – furthering its role as a single-source partner for complex job sites.

“Strengthening our capital base at this stage of our growth gives us real flexibility — to invest in our fleet, expand our specialty capabilities, and attract the best operators in the industry,” said Jay Vaughn III, CEO of Opifex-Synergy. “We’re grateful for the confidence investors have placed in Opifex-Synergy, and we intend to repay it the way we always have: by out-working and out-serving the competition for our customers.”

The additional capital enhances Opifex-Synergy’s ability to attract top industry talent, provide reliable equipment availability, and offer responsive service and on-site support as the company grows. The company currently operates multiple branches across 12 of the top 22 metropolitan areas in the country and plans to drive growth through higher same-store sales, increased specialty rental offerings, and expansion across high-demand metropolitan markets.

The notes were offered in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The notes have not been, and will not be, registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. This press release shall not constitute an offer to purchase or the solicitation of an offer to sell the notes.

About Opifex-Synergy
Formed through the merger of Opifex LLC and Synergy Equipment, Synergy Infrastructure Holdings, LLC (d/b/a Opifex-Synergy) is one of the largest independent equipment rental and infrastructure services providers in the United States. With 39 locations nationwide, the company serves infrastructure, industrial, institutional, and commercial sectors through a modern fleet that includes aerial, earthmoving, trench safety, pumps, compaction, material handling, and specialty equipment.

The company continues to be supported by its investors, including Avance Investment Management, Mas Group, and BlackRock’s managed funds and accounts. Opifex-Synergy is committed to operational excellence, local responsiveness, and long-term growth. For more information, please visit https://www.synergyequip.com.

About Avance Investment Management
Avance is a private equity firm with a passion for building great businesses in partnership with talented founders and management teams. Avance focuses primarily on thematic investments within the Services and Consumer areas in the U.S., seeking attractive opportunities with catalysts for growth and fragmented spaces with consolidation opportunities. Avance’s team has a long history of partnering with founder-owned businesses, industry executives, and management teams and aims to add value to each investment through the application of its STAGE™ value creation framework. Avance has offices in New York and Miami. For more information, please visit www.avanceinv.com.

About The Mas Group
The Mas Group is a strategic single-family office focused on building and supporting the essential assets, services, and technologies that power modern infrastructure and healthcare. Our mission is to back strong teams and innovative businesses with the capital, insight, and operational expertise needed to grow and compete at scale. We work hands-on with portfolio companies, drawing on experience in organizational design, planning, and business development to accelerate growth and support leadership through key inflection points. In addition to investment, we provide targeted advisory services for companies seeking to sharpen performance and elevate strategy. Collaborative partnership, disciplined execution, and long-term value creation are the hallmarks of The Mas Group’s approach.

Forward-Looking Statements and Disclaimers:
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by or on behalf of Synergy Infrastructure Holdings, LLC (“Synergy” or the “Company”) may contain words such as “expect,” “anticipate,” “will,” “should,” “believe,” “intend,” “plan,” “estimate,” “predict,” “seek,” “continue,” “pro forma,” “outlook,” “may,” “might,” “can have,” “have,” “likely,” “potential,” “target,” “indicative,” “illustrative,” and variations of such words and similar expressions, and relate in this press release, without limitation, to statements, beliefs, projections and expectations about the use of proceeds, the impact of the additional capital from the sale of the notes, the Company’s plans to drive growth and other future events. Such statements are based on the Company’s expectations, intentions and projections regarding the Company’s future performance, anticipated events or trends and other matters that are not historical facts.

These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) economic conditions, competition, political risks, and other risks that may affect the Company’s future performance, including the impacts of inflationary pressures and other macroeconomic factors on the Company’s business, markets, customers and workforce, on the credit and financial markets, on the alignment of expenses and revenues and on the global economy generally; (ii) failure to realize the anticipated benefits of our acquisitions; (iii) improperly managed projects or project delays; (iv) adverse developments in the credit markets which could impact the Company’s ability to secure financing in the future; (v) the Company’s level of indebtedness; (vi) changes in applicable laws or regulations; (vii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; geopolitical risks; and (viii) other risks and uncertainties. Given these risks and uncertainties, investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements included in this press release speak only as of the date hereof and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or circumstances after the date of this press release.