ORIX Leveraged Finance has made a junior capital investment in United States Environmental Services, a portfolio company of Florida Capital Partners. Proceeds of the new financing will be used to recapitalize the company and support continuing growth of the business. ORIX Leveraged Finance served as lead arranger, administrative agent and sole lender.
United States Environmental Services (USES) provides specialized industrial, environmental and maritime cleaning and remediation services to various end-market customers including petroleum refineries, chemical and heavy manufacturers, bulk storage facilities, maritime and shipping companies, and power generators in the Gulf States. The company is based in Houston (www.usesgroup.com).
“We are pleased to continue our relationship with USES to support the significant growth of the business executed by the proven ownership group and management team. The cleaning solutions and services provided by USES are a critical component in keeping key industrial facilities clean and well maintained, as well as helping to keep our environment clean and safe following environmental adversities,” said Ted Thorp, co-head of ORIX Leveraged Finance.
ORIX Leveraged Finance, a business unit of ORIX USA Corporation, provides from $5 million to $50 million of debt and equity capital to small and mid-sized businesses that have from $5 million to $30 million of EBITDA. ORIX Leveraged Finance is based in Dallas (www.orixleveragedfinance.com)
“We’re excited to once again partner with ORIX Leveraged Finance. They provided the ability to structure an attractive junior capital investment to further support our continued success in the business,” said Felix Wong, managing director at Florida Capital Partners.
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-6-13
