March 26, 2013: American Capital Completes Buyout of Service Experts
BETHESDA, Md. — American Capital Ltd. announced that its Special Situations Group has completed the buyout of Service Experts LLC, a leading provider of sales, installation, maintenance, and repair of HVAC systems for the residential and light commercial markets. American Capital’s investment took the form of preferred and common equity and a revolving credit facility.
“The American Capital Special Situations Group’s experience in identifying value-oriented investment opportunities and arranging appropriate one-stop financing enabled us to complete successfully the buyout of Service Experts, providing the company with new capital to solidify further its leading market position,” said Gordon O’Brien, president, Specialty Finance and Operations. “Our Operations Team will support our Special Situations Group in providing Service Experts with enhanced operational and marketing skills, lean management implementation, and comprehensive business planning expertise.”