Daily News: February 6, 2018

Antares Supports Wellspring Acquisition of SupplyOne

Antares Capital served as administrative agent and lead arranger on a $170 million senior secured credit facility to support Wellspring Capital Management‘s acquisition of SupplyOne.

Founded in 1998 and headquartered in Newtown Square, PA, SupplyOne is a distributor and converter of packaging products.

“We have worked with Antares in the past and were pleased to have them lead the financing for this transaction,” said Matthew Harrison, partner at Wellspring Capital Management. “Antares was able to make a significant financial commitment, as well as deliver a structure that provides SupplyOne with flexibility to expand and execute on its acquisition strategy.”

“SupplyOne’s management team has deep industry experience and a proven track record of growing both organically and through acquisition,” said Brian Polomsky, managing director for Antares. “With investment and guidance from Wellspring, they are well positioned to continue their growth trajectory and deliver unique product sourcing solutions to their customer base.”

Wellspring Capital Management is a private equity firm headquartered in New York.