Tree Line Capital Partners served as last-out lender for a first lien credit facility to support Alianza Inc.’s (“Alianza”) acquisition of CounterPath Corporation. Bridge Bank served as Administrative Agent and provided a first-out term loan and revolver to support the transaction.

Alianza connects people by powering a feature-rich and robust suite of cloud communications products for service providers. Alianza makes it easy, highly profitable, and future-proof with its cloud native, agile software-as-a-service solution. Alianza’s cloud communications platform is a better way to deliver VoIP and unified communications; untangling service providers from the restraints of obsolete networks and accelerating innovation and growth. Alianza is powered by a team of experts that are obsessed with the customer experience and have a passion to transform communications delivery.

“Bridge Bank and Tree Line provided a comprehensive financing solution which was seamless to execute,” said Brian Beutler, CEO of Alianza. “They took the time to understand our business and asked the right questions upfront, providing a helpful blend of an efficient and informed underwriting.  We’re looking forward to the growth we expect to experience from this transaction with CounterPath and look forward to a long relationship with each of Bridge Bank and Tree Line.”

Frank Cupido, Partner of Tree Line added, “We’re excited to have completed this financing for Alianza which we were able to approach based on underwriting their annual recurring revenue given the Company’s longstanding history of stable growth.  We’ve now completed five unitranche transactions with the Bridge Bank team which and expect to be active mutually with additional ARR tranactions.”