NewswireToday - /newswire/ -
Chicago, IL, United States, 2014/08/13 - GE Antares, a unit of GE Capital, announced it served as administrative agent on a $265 million senior secured credit facility to support the acquisition of United Site Services (USS) by Calera Capital - UnitedSiteServices.com / CaleraCapital.com. NYSE: GE
GE Capital Markets served as sole lead arranger and bookrunner on this facility.
Headquartered in Westborough, MA, USS is a leader in portable restrooms and fence rentals with more than 60 locations throughout the United States.
“GE Antares is a highly valued relationship for Calera,” said Ethan Thurow, principal at Calera. “Their expertise, reliability and responsiveness makes them an ideal financing partner.”
“We're pleased to provide debt and equity financing to Calera in support of the acquisition of USS,” said James Kenefick, senior managing director of GE Antares. "We look forward to continuing to support Calera and management as they pursue exciting growth opportunities.”
About United Site Services (“USS”)
Through its acquired entities, United Site Services (unitedsiteservices.com) has been providing site solutions for over 50 years to the Construction, Event, Industrial and Government market sectors. Today, through its nationwide branch system, USS is the leading provider of quality portable restrooms, VIP restroom and shower trailers, temporary fence, temporary power, and more.
About Calera Capital
Founded in 1991, Calera Capital (caleracapital.com), formerly known as Fremont Partners, is a private investment firm which has approximately $2.8 billion of capital under management. With offices in San Francisco and Boston, Calera invests across a diverse range of industries including business services, consumer and retail, financial services, healthcare, building products, and industrial manufacturing. Calera Capital makes substantial equity investments in operating companies, typically with enterprise values up to $1 billion, and seeks to build long-term sustainable value by working with management teams to implement strategic and operating initiatives.
About GE Antares Capital
GE Antares (geantares.com) is a unit of GE Capital. With offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco, GE Antares is a leading middle market lender, offering a “one-stop” source for GE’s lending and other services offered to middle market private equity sponsors. GE Antares was recognized by Private Debt Investor and Private Equity International as 2013 Lender of the Year, North America and Mid-Cap Lender of the Year, North America, respectively.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.