GE Antares Backs Latest Jordan Acquisition
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GE Antares Backs Latest Jordan Acquisition

ge antares nf1GE Antares is serving as administrative agent on a credit facility to support the acquisition of Gulfstream Services by The Jordan Company.  GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.

“GE’s extensive expertise in the oil & gas industry and flexible financing structures made them the ideal lender on this transaction. Their ability to move quickly also helped us land a swift execution,” said Pete Suffredini, vice president at The Jordan Company.

Gulfstream Services (GSI) is an oilfield rental tools and services company that specializes in pressure control equipment, cementing systems, wireline support and decommissioning equipment. Gulfstream provides equipment and services to exploration and production companies as well as to oilfield service companies in both the offshore and onshore markets. The company was founded in 1978 as Bayou Pump Rentals. Today, GSI operates 7 facilities in Louisiana, Texas and Pennsylvania and 1 facility in Aberdeen, Scotland.  GSI is headquartered in Houma, LA (www.gulfstreamservices.com).

laurent paris nf1“Gulfstream’s excellent market position and growth opportunities coupled with The Jordan Company’s track record of success made this an exciting financing opportunity for us,” said Laurent Paris, managing director of GE Antares. “We look forward to supporting management and The Jordan Company as they realize their growth.”

The Jordan Company is a middle-market private equity firm with over $6 billion of assets under management.  The firm was founded in 1982 and is headquartered in New York with additional offices in Chicago and Shanghai (www.thejordancompany.com).

GE Antares is a unit of GE Capital with offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco. Specializing in the middle market, GE Antares is a “one-stop” source for GE’s lending and other services to middle market private equity sponsors (www.geantares.com).

2014 PEPD • Private Equity’s Leading News Magazine • 10-26-14

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