Dallas, Texas – June 5, 2011 – Highlander Partners, L.P. is pleased to announce a successful exit from Strategic Equipment & Supply Corporation (“SESC”), one of the largest full-service providers of foodservice equipment, supply and design solutions to restaurants and foodservice providers in the United States. At the end of May 2011, SESC completed a refinancing event that provided for the repayment in full of amounts owed to Highlander under its second-lien facility.
Highlander’s investment in SESC was made during the fourth quarter of 2009. It represented Highlander’s first major investment in the second-lien or other subordinated debt investment space. With this successful realization event, Highlander remains excited to build on its experience to provide flexible and creative financing alternatives for middle-market companies in addition to its core control equity investments.
“We are proud to have worked with Strategic’s management team, and are grateful for their hard work and professionalism in making the company successful,” said Jeff Hull, an Operating Partner at Highlander Partners, “We always felt secure in our investment because of their strong leadership and careful stewardship.”