CHICAGO--(BUSINESS WIRE)--Antares announced today that it served as sole lead arranger and is acting as administrative agent for a senior secured credit facility to support Sterling Investment Partners’ investment in HeartLand.
Headquartered in Kansas City, MO, HeartLand was founded in 2016. The company provides commercial landscape services through five regional companies across the Central United States. HeartLand’s service offerings include full-service grounds maintenance, landscape enhancements and upgrades, and de-icing and snow removal during the winter.
“We’ve worked with Antares for over 20 years and we appreciate consistency and reliability,” said Charles Santoro, founder and managing partner of Sterling Investment Partners. “To complete the financing for HeartLand, we required a lender who could match our expedited diligence process and provide a complete and flexible financing solution. Once again, Antares delivered.”
“We’re very pleased to support Sterling Investment Partners and the continued growth of HeartLand, said Doug Cannaliato, senior managing director of Antares. “HeartLand is a market leader, has enjoyed strong growth both organically and through acquisitions, and is led by an experienced and committed management team.”
With approximately $24 billion of capital under management and administration as of December 31, 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2018, Antares issued nearly $25 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 2018 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York 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”).