CHICAGO--(BUSINESS WIRE)--Antares announced today that it served as lead left arranger and is acting as administrative agent for a senior secured credit facility to support Sentinel Capital Partners’ acquisition of ECM Industries.
Headquartered in New Berlin, WI, ECM Industries is a global manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply and gas utility markets.
“Antares knows the electrical products industry well having a history of supporting transactions in the space,” said John Van Sickle, a partner with Sentinel. “They provided us with a comprehensive financing package along with taking on a sizeable hold.”
“ECM Industries has a strong competitive market position, premium brands, long-term customer relationships and a solid track record for growth,” said Ken Chen, senior vice president with Antares. “We look forward to supporting their tenured management team and Sentinel as they work together to execute on their strategic plan for continued growth.”
With approximately $27 billion of capital under management and administration as of September 30, 2019, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2019, Antares issued approximately $17 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 more than 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”).