GE Antares, a unit of
General Electric Company's
) GE Capital, recently served as an administrative agent on a $265
million senior credit facility to Calera Capital for its
acquisition of United Site Services (USS). GE Antares will provide
debt and equity financing to Calera Capital. The credit facility
should facilitate the operating and strategic initiatives of Calera
Capital to fuel its growth strategy.
United Site Services provides site solutions, which include quality
portable restrooms, VIP restrooms, shower trailers, temporary
fencing and temporary power to sites requiring non-permanent
arrangement in the construction, event, industrial and government
Calera Capital is a private investment firm involved in a diverse
range of industries such as business services, consumer and retail,
financial services, healthcare, building products, and industrial
manufacturing. The company has turned to GE Capital financing to
support its inorganic growth plans.
General Electric, the parent company, is one of the largest and the
most diversified technology and financial services corporations in
the world. With products and services ranging from aircraft
engines, power generation, water processing, and security
technology to medical imaging, business and consumer financing,
media content and industrial products. Its segments include Power
& Water, Oil & Gas, Energy Management, Aviation,
Healthcare, Transportation, Home & Business Solutions and GE
Capital. GE Antares is GE Capital's leading middle market financing
General Electric currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth investment include CLARCOR Inc (
), ITT Corporation. (
) and Federal Signal Corp (
), each carrying a Zacks Rank #2 (Buy).
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