Daily News: October 28, 2014

GE Antares Finances The Jordan Company Buy

GE Antares is serving as administrative agent on a credit facility to support the acquisition of Gulfstream Services by The Jordan Company. GE Capital Markets served as joint lead arranger and joint bookrunner.

“GE’s extensive expertise in the oil & gas industry and flexible financing structures made them the ideal lender on this transaction. Their ability to move quickly also helped us land a swift execution,” said Pete Suffredini, VP at The Jordan Company.

“Gulfstream’s excellent market position and growth opportunities coupled with The Jordan Company’s track record of success made this an exciting financing opportunity for us,” said Laurent Paris, managing director of GE Antares. “We look forward to supporting management and The Jordan Company as they realize their growth.”

Houma, LA-headquartered Gulfstream Services is an oilfield rental tools & services company.

The Jordan Company is a middle-market private equity firm.