Stellus Capital Management, LLC Provides Unitranche Financing in Support of Highview Capital’s Acquisition of WattersonJan 25, 2022
Houston – TX, January 25, 2022 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of Highview Capital, LLC’s (“Highview”) investment in Watterson (the ”Company”), a leading national facility services company.
Watterson provides a full suite of services, including facilities management, environmental services, and emergency and disaster response. Over the last 20+ years, the Company has built a strong base of long-term corporate clients, which includes leading brands in retail and commercial workspaces. Through its network of over 1,000 in-house and third-party service providers, Watterson has established a reputation for industry-leading response times and nationwide best-in-class customer service.
“We are thrilled to partner again with Stellus to complete the acquisition of Watterson,” said Steve Russell, Managing Director and Senior Portfolio Manager at Highview, adding, “the Stellus team was supportive and thoughtful throughout the deal process, and we are excited to accelerate growth at Watterson alongside the Company’s excellent management team.”
Adam Pollock, Managing Director at Stellus, added, “Watterson’s leading industry reputation, long-term operating success, and growth trajectory make for an exciting investment. We appreciate the opportunity to support Highview on another investment and look forward to working with the Watterson management team as they execute upon the next stage of the Company’s growth.”
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