Daily News: January 4, 2019

Antares Supports Industrial Growth Partners’ EPS Acquisition

Antares Capital served as sole lead arranger, sole bookrunner and administrative agent on a senior secured credit facility to support Industrial Growth Partners’ acquisition of Electric Power Systems International (EPS).

Founded in 1977 and headquartered in St. Louis, MO, EPS provides outsourced electrical engineering, testing, repair and maintenance services. It focuses on highly technical testing and engineering services that occur in electrical substations covering a broad range of equipment, including protective relay and control systems, breakers, transformers, batteries and switchgear.

“We have a great history working with the Antares team,” said Matt Antaya, principal at Industrial Growth Partners. “After many years and several credit cycles, we know we can rely on them for deep sector knowledge and their ability to execute.”

“We’re pleased to deliver another successful execution for Industrial Growth Partners,” said Mary Gaede, managing director at Antares. “EPS is well positioned in an expanding market, and we look forward to supporting them through this next phase of their growth.”