Imperial Capital Acted as Exclusive Financial Advisor to Service Compression to Secure Transformative Growth Capital Investment
HOUSTON, May 18, 2022 /PRNewswire/ — Imperial Capital, LLC (“Imperial Capital”) has announced that it is the exclusive financial advisor to Service Compression, LLC (“Service Compression” or the “Company”), a leading service provider natural gas compression for exploration & wellhead production companies, in line with the commitment of $215 million senior secured credit facilities with Crestline Investors, Inc. (“Crestline”). The Company plans to use the net proceeds of the financing to acquire additional wellhead compression in the Permian Basin and initiate a new electric wellhead compression program.
dusty womblePresident of Service Compression and Managing Partner of Masked Rider Capital, LLC, said, “We are delighted to announce our partnership with Crestline and believe this transaction places us in an excellent position to achieve our goal of creating significant value for our customers. investors throughout with opportunities for our employees.”
Rhett NewberryPresident and CEO of Service Compression, said, “We are thrilled to announce this transformative financing with Crestline. The company currently has 15,000 electric compression horsepower on order, which will expand our total fleet to over 250,000 horsepower. We look forward to advancing our clients’ ESG initiatives and continuing to make strategic investments in the equipment and technologies that differentiate our business. »
“This transaction demonstrates Imperial Capital’s ability to leverage our extensive relationships with potential sources of capital across multiple industry verticals, and highlights the expertise and knowledge of our Energy group,” said Chris ShepardManaging Director and Co-Head of Investment Banking at Imperial Capital. Lenny BiancoEnergy Group Chief Executive, added: “We are delighted to have crafted a bespoke debt structure and identified an ideal partner to support the company’s growth plans while limiting the dilution of existing shareholders.
About Service Compression, LLC
Service Compression is a leading provider of natural gas compression services to wellhead exploration and production companies. Service Compression is focused on advancing ESG initiatives in the upstream oil and gas sector through its differentiated service and technology offerings. The Company has its registered office at Lubbock, TX with field offices in support of its operations. For more information, please visit www.servicecompression.com.
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, TXis an institutional alternative investment management company with approximately $15.0 billion in assets under management. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm operates a multi-PM market-neutral hedge fund and provides beta and hedging solutions to institutional clients. Based at Fort Worth, TXthe company has offices affiliated with New York City, London, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com.
Masked Rider Capital, LLC (“Masked Rider Capital” or “MRC”) is a multi-family office founded in 2012 that focuses on acquiring and investing in private companies. Masked Rider Capital proudly serves lower and middle market businesses in West Texas communities and surrounding areas through innovative capital solutions. MRC provides capital in the form of controlled and uncontrolled equity, debt and hybrid securities. The company is independent of the industry and participates in real estate development opportunities. MRC is headquartered in Lubbock, TX. For more information, please visit www.maskedrider.com.
About Imperial Capital, LLC
Imperial Capital, LLC is a full-service investment bank offering a single, integrated, full-service platform to institutional investors and middle-market companies. We offer sophisticated sales and trading services to institutional investors and a broad range of investment banking, capital markets and restructuring advisory services to middle market corporate clients. Coupled with our proprietary research and sales and dealing desk analysis, we provide analysis of investments in an issuer’s capital structure, including bank loans, debt securities, hybrid capital market/ (via our ELP framework), post-reorganization actions, claims in special situations, and listed and unlisted shares. Our comprehensive and integrated service platform, expertise across the entire global capital structure, and deep industry sector knowledge enable us to provide our clients with research-driven insights, superior consulting services and commercial execution. We quickly identify opportunities in all market conditions and have a proven track record of delivering creative and exclusive solutions to our clients. Imperial Capital, LLC has three primary businesses: Investment Banking, Institutional Sales and Trading, and Institutional Research. For more information about Imperial Capital, LLC, visit www.imperialcapital.com.
For more information about Imperial Capital, please contact:
Corporate finance manager
Phone: (310) 246-3605
E-mail: [email protected]
SOURCE Imperial Capital, LLC