Antares served as lead arranger and is acting as administrative agent for a senior secured credit facility to support ONCAP’s acquisition of Enertech Holdings.
Headquartered in New Braunfels, TX, Enertech is a provider of wireless infrastructure services to telecommunications carriers and tower owners throughout the Southern, Central and Pacific Northwest regions of the U.S.
“We continue to enjoy a solid track record of working with Antares to support our investments,” said Edmund Kim, managing director with ONCAP. “Their telecommunications knowledge and ability to commit to a large hold once again made them the right choice for this transaction.”
“With a reputation for quality service and strong renewal rates, Enertech is a significant player in their space,” said Dave Swanson, managing director with Antares. “We look forward to witnessing this next phase for Enertech as their experienced management team works with ONCAP to fuel their growth objectives.”
