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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Angeles Equity Partners’ Acquisition of Xanitos
Jul 27, 2021SHARE
Houston – TX, July 27, 2021 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided unitranche financing and an equity co-investment to support the acquisition of Xanitos, Inc. (“Xanitos”) by an affiliate of Angeles Equity Partners, LLC (“AEP”).
Xanitos, founded in 2008 and located in Newtown Square, PA, is a specialized provider of environmental services (“EVS”) to hospitals and other acute care settings nationwide. Their proprietary systems and software, including the patented XRO® (Xanitos Room Optimization) cleaning system, allow Xanitos to deliver improved performance metrics, such as higher Hospital Consumer Assessment of Healthcare Providers and Systems (“HCAHPS”) scores and reduced infection rates, at a compelling value to client hospitals.
Frank Spelman, Managing Director at AEP, said, “It has been a pleasure working with Stellus on this transaction, and we are excited to have completed another financing with their team. Their commercial approach resulted in a flexible solution that helped us get this transaction completed in an expedited and orderly fashion. We look forward to our continuing partnership with Stellus.”
Adam Pollock, Managing Director at Stellus, added, “Xanitos helps save lives through the delivery of its high-quality services. We believe AEP’s long-developed facility management thesis and experienced operating partner support will drive tremendous growth with both new and existing customers. We are grateful for this opportunity to support AEP and the Xanitos management team.”
For inquiries related to this Press Release, please contact:
Adam Pollock
(713) 292-5407
apollock@stelluscapital.com
