American Capital exits Service Experts, realizing 18x return

Private equity owner American Capital, which had acquired Service Experts in March 2013, exited via the sale to Enercare, receiving $244 million in proceeds and realizing 18 times its investment with a 184 percent compounded annual return.

“Service Experts was previously owned by American Capital, located in Bethesda, Maryland, which acquired the company in March 2013. American Capital received $244 million in proceeds, including fees and assuming full collection of escrow and other holdback amounts, and realized a capital gain of $225 million from the transaction. Over the life of the investment, American Capital realized 18 times its investment in the company and generated a compounded annual rate of return of 184 percent, including interest, dividends, fees, and realized gains.”

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