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Antares Supports NearU Services’ National Growth Strategy Through with $100MM Financing

August 18, 2021, 08:00 AM
Filed Under: Specialty Industries
Related: Antares

Antares served as sole lead arranger and is acting as administrative agent on senior secured credit facilities for NearU Services, a SkyKnight Capital portfolio company. The funds are being used to refinance an existing credit facility and to support NearU’s footprint expansion across North America.

Headquartered in Charlotte, NC, NearU is an employee and customer-centric provider of essential home services with a focus on HVAC, plumbing, and electrical services. NearU seeks to be the partner of choice for home services companies, and now, with support from Antares, will significantly accelerate its M&A pace over the coming years.

“Ashish Achlerkar, NearU's founder and CEO, brings a unique vision, business acumen and leadership that has driven the rapid growth of the company while maintaining its focus on top-notch customer service and a people-centric approach to business building,” said Jason Quinn, senior vice president with Antares. “With SkyKnight’s strategic resources behind them and our financing commitment, NearU is poised to continue its strong growth trajectory.”

“We appreciate Antares’ efficiency, flexibility and knowledge of the home services end-market,” said Jordan Milich, partner with SkyKnight Capital. “As NearU continues to execute on its growth strategy, Antares has the expertise and ability to scale financing along with its needs.”

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