Capital Southwest Corp., an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, is supporting Concentric Equity Partners’ recent refinancing of Environmental Pest Service (EPS), with a $16.3 million first lien term loan and a $7.0 million delayed draw facility. Capital Southwest will act as the sole administrative agent on the credit facility.
“We are excited to have the opportunity to partner with Concentric Equity Partners and to support EPS’ continued growth,” says Josh Weinstein, managing director of Capital Southwest. “EPS is one of the fastest-growing pest control service providers in the southeastern United States, has built an impressive leadership position in its markets and is led by a strong management team. We also find attractive the full economic cycle performance of the pest control industry, which is non-cyclical in many respects.”
Headquartered in Tampa, Fla., EPS operates through four pest control, termite and lawn service brands across Florida, North Carolina and Georgia. These brands include Arrow Environmental Services (Western Florida), Bug Out Service (Eastern Florida), Skyline Pest Solutions (Georgia) and State Pest Control (North Carolina). The business has completed 87 acquisitions since 2010 and will utilize its delayed draw facility to continue its expansion both through acquisitions and organically.