Antares backs CenterOak’s merger of Service Champions and Moore Home Services


Antares has provided financing to back CenterOak Partners‘ merging of Service Champions and Moore Home Services. No financial terms were disclosed. Based in Orange County, California, the newly combined companies will create a large residential HVAC contractor. Antares was the lead left arranger and administrative agent for the credit facility.

PRESS RELEASE

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”).