NewswireToday - /newswire/ -
Irving, TX, United States, 2011/04/08 - Wilcox Swartzwelder & Co. helps its client Tex-Star to expand equipment fleet in water transfer and water management in oil and gas used to support hydraulic fracturing and well-site activities by oil and gas producers primarily in North and West TX.
Wilcox Swartzwelder & Co., a boutique middle market investment bank specializing in the energy, industrial and infrastructure sectors, is pleased to announce that its client, Tex-Star Water Services, LLC, has successfully completed its new credit facility.
Tex-Star Water Services, LLC, based in Gainesville, Texas, is a provider of water transfer and water management services used to support hydraulic fracturing and well-site activities by oil and gas producers primarily in North and West Texas and Oklahoma regions, including the highly active Permian, Granite Wash, Cana Woodford and Barnett Shale areas.
We have experienced significant growth since 2009 and have additional growth opportunities before us. This financing allows to expand our equipment fleet and more broadly serve our customers, said Kent Hughes, General Manager of Tex-Star Water Services, LLC.
Given the market challenges experienced in 2009 and the re-direction in Company strategy and resulting substantial growth in 2010, Wilcox Swartzwelder was able to successfully convey the story and find us a supportive lender.
About Wilcox | Swartzwelder & Co.
Wilcox | Swartzwelder & Co. (WS-ibank.com) is a boutique investment bank providing sophisticated merger and acquisition services and corporate finance advisory services to owners of middle market companies in the energy, industrial and infrastructure sector. The Firm provides a high level of personal service, in-depth industry knowledge, rigorous transaction execution and superior results. Principals have successfully completed almost 100 transactions with aggregate value in excess of $3.6 billion.
Securities offered through PetroGrowth Energy Advisors, LLC., member FINRA/SIPC.