CHICAGO--(BUSINESS WIRE)--Antares announced that it served as sole lead arranger and sole bookrunner, and is acting as administrative agent, for a senior secured credit facility to support the acquisition of Electric Power Systems International, Inc. (“EPS”), by Industrial Growth Partners.
Founded in 1977 and headquartered in St. Louis, MO, EPS is a leading provider of outsourced electrical engineering, testing, repair and maintenance services. EPS focuses on highly technical testing and engineering services that occur in electrical substations covering a broad range of equipment including protective relay and control systems, breakers, transformers, batteries and switchgear.
“We have a great history working with the Antares team,” said Matt Antaya, principal at Industrial Growth Partners. “After many years and several credit cycles, we know we can rely on them for deep sector knowledge and their ability to execute.”
“We’re pleased to deliver another successful execution for Industrial Growth Partners,” said Mary Gaede, managing director at Antares. “EPS is well positioned in an expanding market, and we look forward to supporting them through this next phase of their growth.”
With more than $23 billion of capital under management and administration as of September 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2017, Antares issued over $21 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2017 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York, Norwalk, CT and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).