TMCnet News
Antares Leads Financing to Alpine Investors' Formation of Apex Service PartnersAntares announced today that it served as sole lead arranger and is acting as administrative agent for a senior secured credit facility to support Alpine Investors' ("Alpine") investment in Frank Gay Services and Best Home Services to form Apex (News - Alert) Service Partners, an HVAC, plumbing and electrical services platform. Based in Orlando, FL, Frank Gay Services is a plumbing, HVAC, electrical and mechanical services company. Based in Naples, FL, Best Home Services is a nationally award-winning HVAC, plumbing, and electrical services and repairs company. Together the businesses form the foundation of Apex Service Partners and will continue to operate independently under their respective brands. "Antares moved quickly in committing to and executing this transaction," said Daniel Cohen, vice president of investing for Alpine Investors. "We were impressed with their sector knowledge and ability to support Apex as it continues to grow." "We are pleased to support the formation of Apex Service Partners in what was our first transaction with Alpine," said Jason Quinn, vice president with Antares. "Both Frank Gay Services and Best Home Services have strong management teams and leading market positions wihin their respective geographies. With the additional support of Alpine, a sponsor with a demonstrated track record in the sector, they are well positioned to continue executing their growth strategies and further enhancing their customers' experience."
About Antares
View source version on businesswire.com: https://www.businesswire.com/news/home/20190813005091/en/ |