We advised the agent, lead arranger and lender on the facility

Davis Polk advised the administrative agent, lead arranger and a lender in connection with an $80 million asset-based revolving facility. The facilities were provided to American Securities LLC to finance the acquisition of Aramsco Inc.

Aramsco is the largest provider of solutions to restoration, cleaning, concrete surface preparation, stone fabrication, janitorial and sanitation, asbestos and lead abatement and environmental clean-up professionals in the United States. Aramsco has over 70 locations across North America and sells a portfolio of over 40,000 products across the United States and Canada.

Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $26 billion under management.

The Davis Polk finance team included partner Kenneth J. Steinberg, counsel Benjamin Cheng and associate Bryan Mendiola. All members of the Davis Polk team are based in the New York office.

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