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 the merger of Service Champions and Moore Home Services by
CenterOak Partners.
Headquartered in Orange County, CA, the merger of Service Champions and
Moore Home Services creates one of the largest residential HVAC
contractors on the West Coast. Service offerings include residential
heating and air conditioning repair and replacement, plumbing, solar and
electrical services.
“We are pleased to have Antares lead the financing for this transaction
as we form one of the leading providers of home maintenance and repair
services across Southern and Northern California,” said Randall
Fojtasek, managing partner with CenterOak Partners. “Given our
longstanding relationship with Antares and their knowledge of the
sector, we were confident in their ability to execute with speed and
certainty.”
“We are pleased to support CenterOak as they put their experience and
resources to work for this newly formed company,” said Doug Koch,
managing director with Antares. “With a solid management team, a focus
on customer service and a leading market position, the newly formed
company is well positioned for continued growth.”
About Antares
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”).
Contacts
Antares Capital
Carol Ann Wharton
475-266-8053
[email protected]
