STELLUS CAPITAL MANAGEMENT, LLC PROVIDES UNITRANCHE FINANCING IN SUPPORT OF ANGELES EQUITY PARTNERS' ACQUISITION OF SOLID SURFACE CARE HOLDINGS, INC.

(MENAFN- PR Newswire)

HOUSTON, June 10, 2025 /PRNewswire/ -- Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Angeles Equity Partners, LLC ("AEP") acquisition of Solid Surface Care Holdings, Inc. ("SOLID" or the "Company"), a leading national provider of specialty maintenance and restoration services that enhance the appearance, ensure the durability, and extend the longevity of commercial surfaces.

Established in 1996 and headquartered in Charlotte, NC, SOLID specializes in the deep cleaning, stain removal, and restoration of high-end carpet, concrete, metal, stone, and other sensitive surfaces. SOLID is AEP's most recent investment within critical industrial services, providing environmentally conscious, science-based cleaning, enhanced disinfection services, and experienced craftsmanship across more than 700 million square feet of commercial surfaces annually across a diverse customer base.

Frank Spelman, Managing Director at AEP, said, "We're excited to partner with co-founder and CEO Michael Crippen and the SOLID team to build upon their nearly 30-year track record as a trusted provider of essential facility care solutions. Stellus was instrumental in helping us get this transaction across the line," adding, "Their commercial approach and responsiveness were invaluable during the process, and SOLID is well-positioned to enter its next growth phase."

Adam Pollock, Managing Director at Stellus remarked, "SOLID has cultivated a national reputation by delivering tangible value to its customers. We are grateful for this opportunity to partner with AEP, Mike and the SOLID management team and support their continued success."

SOURCE Stellus Capital Management, LLC

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