Alaris Equity Partners Announces an Investment of US$59.5 Million into a New Partner - Seite 2

Commencing on January 1, 2025, the TSY Distribution will be adjusted annually based on the percentage change in net revenue over the most recently completed 12-month period versus the prior 12-month period, subject to a collar of 7%.

Alaris’ management believes that The Shipyard will have an earnings coverage ratio between 1.2x and 1.5x, based on: (i) Alaris' review of TSY’s internal pro forma financial results for the most recent trailing twelve-month period in 2023, (ii) certain other changes to TSY’s capital structure and (iii) the TSY Distribution payable to Alaris. Proceeds of the TSY Investment were used to provide a partial liquidity event to equity holders.

About The Shipyard

Founded in 2013 and headquartered in Columbus, OH, The Shipyard is an integrated marketing agency renowned for “Engineering Brand Love” by uniquely combining data science with integrated media, creative, and analytical processes. The skilled employee base of over 160 marketing professionals goal is to discover and engage all relevant audience segments via omnichannel marketing campaigns, driving marketing outcomes and accelerating brand growth. The Company's audience discovery approach, “No Customer Left Behind”, is supported by a proprietary data intelligence engine, The Helm, combined with a full-suite of end to-end, agency of record marketing solutions to drive measurable and sustainable results for brands. The Shipyard has developed vertical expertise across highly attractive verticals, including Travel & Tourism, Financial & Professional Services, Energy & Sustainability, and Consumer Packaged Goods/Retail, with significant runway and ongoing initiatives to further penetrate each.

ABOUT ALARIS:

The Trust, through its subsidiaries, indirectly provides alternative financing to private companies ("Partners") in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a "top line" financial performance measure such as gross margin and same-store sales and rank in priority to the owners' common equity position.