News.

7/19/2016

Service Logic Completes $206 Million Debt Financing

July 19, 2016 — Sterling Investment Partners ("Sterling") is pleased to announce that its portfolio company MSHC, Inc. ("Service Logic" or the “Company”) has completed a $206 million debt financing.  Proceeds from the refinancing were used to (i) refinance the Company’s existing debt, (ii) provide funding for 2 pending add-on acquisitions, and (iii) pay related fees and expenses.  In addition, the Company secured debt commitments to fund twelve add-on acquisitions.  The senior debt financing was led by Antares Capital, LP.  Barings Asset Management and Grosvenor Capital Management completed the junior debt financing.
 
Service Logic is the largest independent provider of heating, ventilation, and air conditioning (“HVAC”) maintenance services and energy efficiency solutions in the United States. The Company delivers its solutions to a diverse customer base of commercial, industrial, and institutional clients on a self-perform basis through 29 offices across 21 states.  www.servicelogic.com

About Sterling Investment Partners
Sterling Investment Partners is a private equity firm with a highly experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Sterling has over $1.0 billion of equity capital under management. Over its history, Sterling has completed platform investments, strategic or add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $12.3 billion, representing more than 100 transactions. Key industries Sterling focuses on include business services, industrial and consumer value-added distribution, niche manufacturing, and transportation and logistics. www.sterlinglp.com
 

Contact

David Kahn – Managing Director, Business Development
 

kahn@sterlinglp.com