GE Antares, a unit of GE Capital is serving as administrative agent on a $124.5 million senior secured credit facility to support the acquisition of Area Wide Protective (AWP) by The Riverside Company. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.

“We have a long-standing relationship with the team at GE Antares and are happy to have worked with them on this transaction. Their industry expertise and certainty of execution makes them an ideal financing partner,” said Chris Jones, partner of The Riverside Company.

“Riverside’s operational heritage and expertise combined with AWP’s deep customer loyalty will pave the way for an even better organization,” said Brian Polomsky, a managing director with GE Antares. We are excited to support this acquisition and look forward to supporting management and Riverside as they grow.”

The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $300 million.

Kent, OH-headquartered Area Wide Protective (AWP) offers temporary traffic management solutions to a variety of customers, including utilities, utility contractors and telecommunications companies.