Service Logic was acquired by Leonard Green & Partners from private equity firm Warburg Pincus. Debt financing for the transaction was provided by JPMorgan Chase Bank, Morgan Stanley, Antares Capital and Crescent Capital.
Barings served as co-lead arranger of a second-lien credit facility to support Warburg Pincus’ acquisition of Service Logic. It also provided senior secured and revolving facilities to Service Logic.
TrueNorth Capital Partners’ subsidiary TNCP acted as exclusive finance advisor to Environmental Control, dba Encon, in its sale to the Service Logic family of HVAC companies.