American Capital announced its Special Situations Group has led the American Capital One Stop Buyout of Service Experts, LLC, a leading provider of sales, installation, maintenance and repair of HVAC systems for the residential and light commercial markets. American Capital's investment took the form of preferred and common equity and a revolving credit facility.

"The American Capital Special Situations Group's experience in identifying value-oriented investment opportunities and arranging appropriate one-stop financing enabled us to complete successfully the buyout of Service Experts, providing the company with new capital to solidify further its leading market position," said Gordon O'Brien, president, specialty finance and operations. Our operations team will support our Special Situations Group in providing Service Experts with enhanced operational and marketing skills, lean management implementation and comprehensive business planning expertise."

"The investment in Service Experts represents a solid opportunity to partner with an industry veteran to strengthen a company with a large installed infrastructure ready for growth," said Myung Yi , American Capital managing director, Special Situations Group. "We have assembled a highly talented management team with tremendous industry expertise that will be focused on driving value creation."

Headquartered in Richardson, TX, Service Experts owns and operates 108 branch locations in the United States and Canada with approximately $385 million in annual sales. Service Experts offers complete HVAC services, including inspections, maintenance, sales and equipment installation of heating and air conditioning and cooling systems. In addition, the company offers a full line of indoor air quality solutions and energy-saving green solutions.

"American Capital's complete financing package and operational support make them an ideal owner for Service Experts," said Scott J. Boxer , newly appointed president and CEO of Service Experts. "We look forward to a strong relationship with American Capital as we look to continue to service and grow our large national customer base, expand our product offering, and grow revenue both organically and through add-on acquisitions."

American Capital and its affiliated funds have invested approximately $31 billion in over 550 portfolio companies both directly and in support of leading financial partners in change of control transactions.