1836 Capital, LLC Completes Debt Placement on a $15 Million Acquisition
Dallas, Texas August 12, 2014 Business News(PRLEAP.COM) DALLAS - (Aug 12, 2014) - 1836 Capital, LLC announced today that it has completed a debt placement on the acquisition of a well drilling and maintenance company in West Texas.
1836 Capital, LLC was engaged by RLMcCall Capital Partners, LLC, a New Orleans, Louisiana based private equity firm, to assist with the leveraged buyout of Case Drilling & Pump, LLC, an oilfield service company in Stanton, Texas. A term loan and a revolving debt facility was placed by 1836 Capital, LLC.
"There is a lot of activity in the oil patch and this was an exciting opportunity to help the client complete the acquisition. We identified the financial partner and successfully negotiated the facility. This included both the acquisition capital as well as working capital to fund its continued growth," said Jonathan Collura, Managing Director of 1836 Capital, LLC.
"This opportunity accentuates the specialization that we have in the oil and gas industry," Collura said.
About 1836 Capital, LLC
1836 Capital is a boutique capital placement company with a focus on corporate finance. It was designed to assist with the capital needs of select growth-based lower middle market businesses. We specialize in partnering with a company's management team to meet capital needs. 1836 utilizes a proprietary methodology to identify the capital needs and negotiate solutions with financial partners.