American Capital Strategies Ltd. announced today the details of its $10 million of total net realized gains from the disposition of portfolio investments in the first quarter of 2007. During the first quarter of 2007, American Capital received $570 million of proceeds from the realization of portfolio investments.
Consolidated Utility Services Inc.
In the first quarter of 2007, American Capital realized a gain of $7 million from the sale of its portfolio company Consolidated Utility Services Inc. to Tricor Pacific Capital Inc. Consolidated Utility Services is a provider of outsourced underground utility locating, marking and related services for telephone, power, cable, gas, water and sewer utility companies, subsurface utility engineering services and one call services. American Capital recognized total proceeds of $17 million upon the exit, earning a 47% compounded annual rate of return on its total investment, including interest, dividends and fees earned over the life of American Capital's investment.
