Daily News: February 12, 2013

American Capital Commits $89MM in ASAP Buyout

American Capital announced that in December 2012, it committed $89 million in the One Stop Buyout of ASAP Industries in a transaction led by Kevin W. Kuykendall, former managing director of the American Capital Energy Group, and Miles Arnone, an American Capital managing director, under the leadership of Darin Winn, senior vice president and senior managing director, American Capital.

American Capital said its investment took the form of senior debt, subordinated debt and equity.

Houma, LA-based ASAP manufactures flow control products for companies ranging from small local operations to major oilfield services companies and original equipment manufacturers.