American Capital Invests $25 Million in Leading Distributor of Janitorial and Sanitary Products
09 7월 2005 - 1:40AM
PR Newswire (US)
American Capital Invests $25 Million in Leading Distributor of
Janitorial and Sanitary Products BETHESDA, Md., July 8
/PRNewswire-FirstCall/ -- American Capital Strategies Ltd.
(NASDAQ:ACAS) announced today it has invested $25 million in the
recapitalization of AmSan LLC, a leading distributor of janitorial
and sanitary products to building services contractors,
educational, healthcare and hospitality customers. American
Capital's investment takes the form of senior term debt. Merrill
Lynch Capital is providing a revolving credit facility and
investing in senior term debt. AmSan management is significantly
invested in the equity. GTCR Golder Rauner LLC is the majority
owner. "We are pleased to be investing alongside GTCR for the sixth
time," said American Capital COO Ira Wagner. "American Capital has
worked with 66 private equity firms as a trusted partner,
supporting companies with strong managements, reliable cash flows
and defensible market niches." American Capital has invested nearly
$2.6 billion in the last twelve months, over $1.3 billion year to
date and nearly $40 million quarter to date. For more information
about American Capital's portfolio, go to
http://www.acas.com/our_portfolio/our_portfolio.cfm. "American
Capital is backing a highly talented and results driven management
team with deep and proven distribution expertise," said American
Capital Managing Director Tom Gregory. "As the largest company in
its niche, AmSan can offer value-added products and services to
customers that its smaller competitors cannot. Its national
presence allows it to service the needs of large regional and
national customers. The Company's new online ordering system,
complete product catalog and ability to identify areas of systemic
cost reduction for its customers set it apart from its competitors.
AmSan is well-positioned for continued growth and profitability
within the industry." AmSan was founded in 1997 to consolidate the
highly fragmented janitorial and sanitation products distribution
industry, which consists of over 5,000 small competitors. AmSan has
a diverse customer base of over 50,000 customers. With over 60
locations and serving customers in over 40 states AmSan is widely
recognized as the leader in the janitorial-sanitary maintenance
distribution industry. AmSan distributes paper, plastic and
chemical supplies as well as other janitorial accessories and power
equipment under national brands as well as its own proprietary
brand, Renown(TM). For more information about AmSan's value-added
products and services, go to
http://www.acas.com/news/press_releases/pr/pr.cfm?p_pr=pr20050708a.html.
ABOUT AMERICAN CAPITAL American Capital is a publicly traded buyout
and mezzanine fund with capital resources of approximately $5.4
billion. American Capital invests in and sponsors management and
employee buyouts, invests in private equity buyouts, and provides
capital directly to private and small public companies. American
Capital provides senior debt, mezzanine debt and equity to fund
growth, acquisitions and recapitalizations. As of June 30, 2005,
American Capital shareholders have enjoyed a total return of 388%
since the Company's IPO -- an annualized return of 22%, assuming
reinvestment of dividends. American Capital has paid a total of
$782 million in dividends and paid $17.51 dividends per share since
its August 1997 IPO at $15 per share. Companies interested in
learning more about American Capital's flexible financing should
contact Mark Opel, Senior Vice President, Business Development, at
(800) 248-9340, or visit our website at
http://www.americancapital.com/. Performance data quoted above
represents past performance of American Capital. Past performance
does not guarantee future results and the investment return and
principal value of an investment in American Capital will likely
fluctuate. Consequently, an investor's shares, when sold, may be
worth more or less than their original cost. Additionally, American
Capital's current performance may be lower or higher than the
performance data quoted above. ABOUT GTCR GOLDER RAUNER LLC Founded
in 1980, GTCR Golder Rauner is a leading private equity investment
firm and long-term strategic partner for outstanding management
teams. GTCR currently manages more than $6 billion of equity
capital invested in a wide range of companies and industries. More
information can be found at http://www.gtcr.com/. This press
release contains forward-looking statements. The statements
regarding expected results of American Capital Strategies are
subject to various factors and uncertainties, including the
uncertainties associated with the timing of transaction closings,
changes in interest rates, availability of transactions, changes in
regional, national or international economic conditions, or changes
in the conditions of the industries in which American Capital has
made investments. DATASOURCE: American Capital Strategies Ltd.
CONTACT: L. Thomas Gregory, Managing Director, +1-312-681-7400, or
Brian Maney, Director, Corporate Communications, +1-301-951-6122,
both of American Capital Strategies Ltd. Web site:
http://www.americancapital.com/ http://www.gtcr.com/
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