Advised on Recapitalization of CompanyIndustrials
Provided Debt Financing
Capstone Partners (IMAP USA) advised Eaglestone, LLC on the closing of a senior credit facility, the proceeds of which were used to refinance existing debt, repay a bridge loan used to acquire Commonwealth Electrical Technologies (CET), and pay transaction fees. The financing, provided by BMO Harris Bank, was comprised of an unfunded revolver and a senior term loan.
Eaglestone is a holding company comprised of best-in-class energy efficiency and mechanical, electrical, plumbing, and fire sprinkler (MEPS) commercial contracting businesses focused on the NYC metro and surrounding areas. Today, the company operates through four divisions: Pace Companies, PJ Mechanical, New York Energy & Environmental, and CET. Eaglestone serves a variety of general contractors (GCs), commercial building owners, and developers across a diverse set of end-markets including healthcare, commercial office/corporate headquarters, life sciences, technology, public works, and infrastructure.
Eaglestone is majority-owned by Aterian Investment Partners, a New York-based private equity firm that manages over $1.5B of committed capital investing in industry-leading middle-market businesses.