ORIX Leveraged Finance has provided a unitranche debt facility to Impact Facility Services, a portfolio company of Caltius Equity Partners which acquired the company in January 2012. ORIX is also a co-investor in the company.
Proceeds will be used to expand current operations and provide liquidity for the company’s expected growth. ORIX Leveraged Finance served as lead arranger, administrative agent and sole lender on the new financing. “We are excited to have the support of ORIX,” said Michael Lloyd, CEO of Impact. “The flexible unitranche facility provided by ORIX offers the structure and capital support to accommodate our company’s growth plans.”
Impact Facility Services is a provider of repair and inspection services for fire suppression and fire alarm systems. The company is headquartered in Austin (www.impactfiresdev.com).
“We are pleased to team up with Caltius Equity in their investment with Impact Facility Services. Our unitranche credit facility is structured to allow the company the flexibility and liquidity necessary to achieve the growth objectives it has identified,” said Ted Thorp, managing director and 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).
Caltius Equity Partners makes equity investments of $5 million to $20 million in companies with enterprise values of $10 million to $50 million. Sectors of interest include healthcare services, consumer and business services, light manufacturing and consumer products. The firm is based in Los Angeles (www.caltius.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-13-13
