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American Capital Commits $89 Million in ASAP Industries Buyout

February 11, 2013, 07:29 AM

American Capital announced that in December 2012, it committed $89 million in the One Stop Buyout® of ASAP Industries, in a transaction led by Kevin W. Kuykendall , former Managing Director of the American Capital Energy Group, and Miles Arnone , an American Capital Managing Director, under the leadership of Darin Winn , Senior Vice President and Senior Managing Director, American Capital. ASAP, a leading independent manufacturer and refurbisher of high-pressure flow control products for the global oil and gas industry, expands the American Capital Energy and Infrastructure Group's portfolio of domestic mid-market energy-related companies. American Capital's investment took the form of senior debt, subordinated debt and equity.

Based in Houma, Louisiana, ASAP manufactures a wide variety of flow control products for companies ranging from small local operations to major oilfield services companies and original equipment manufacturers. The Company's products are used in numerous applications including onshore and offshore projects, crude oil and natural gas wells and drilling, completion and production applications.

The American Capital Energy and Infrastructure Group is headed by Paul Hanrahan , who joined American Capital in 2012 after serving as the President and CEO of The AES Corporation ("AES"), a Fortune 150 global power company, from 2002 through 2011. Since its formation in 2005, the American Capital Energy and Infrastructure Group has invested over $620 million in domestic mid-market energy-related companies.

American Capital and its affiliated funds have invested approximately $31 billion in over 540 portfolio companies both directly and in support of leading financial partners in change of control transactions.







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