Varagon Capital Partners (Varagon) announced it is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of ALC Schools, LLC by affiliates of Palladium Equity Partners, L.L.C. (Palladium).

ALC offers alternative student transportation solutions for a variety of student populations, including special education, homeless, foster and other in-need students. ALC's transportation solutions ease school districts' transportation challenges by providing an exceptional level of safety and consistency for their most vulnerable students. Each day, ALC coordinates transportation for hundreds of districts and thousands of students across the country. ALC has 23 field offices across the U.S., along with Student Monitoring and Tracking Centers in Utah and North Carolina. ALC's technology solutions are driven by Red Rock Technology, LLC, a proprietary technology platform.