CSG Partners Raises $11MM to finance Ambertek's Acquisition of SS Equipment Services, LLC
NEW YORK, Nov. 29, 2012 /PRNewswire/ -- CSG Partners, LLC, the New York-based boutique investment bank, is pleased to announce that we served as the exclusive financial advisor to Ambertek, LLC, in connection with an $11MM senior debt financing for Ambertek's acquisition of SS Equipment Services ("SSE"), LLC. SSE is headquartered in Cotulla, TX and is a leading oil field services company, focused on providing critical pre- and post-drilling construction services to many oil and gas exploration and production firms in the Eagle Ford Shale region of Texas.
"CSG Partners is proud to have worked with The Ambertek Group to help finance this acquisition," said Alex Meshechok a Managing Director at CSG Partners. "This is an exciting opportunity for Rick Pfeiffer and Brian Maloy, the principals of Ambertek, to partner with the existing owners of SSE and to bring their extensive business experience to bear to help drive SSE's future growth. The debt portion of the transaction was financed by White Oak Global Advisors, LLC and we are grateful to Scott Johnston and his team for their flexibility and responsiveness in making this deal happen." Eitan Milstein, who co-led the assignment for CSG added, "We were fortunate to have worked with the highly-qualified and experienced management team of Ambertek. Under the current economic conditions, obtaining an attractive and flexible acquisition facility can be challenging, yet we were successful in securing a creatively structured loan that allowed Ambertek to successfully close an important and attractive acquisition."
"The transaction structured by CSG Partners was an excellent alternative to other, more limited options available to us," commented Richard Pfeiffer, President and CEO of Ambertek. "We were very fortunate to have the CSG Partners' team lead us through the process. Their level of expertise, experience, professionalism, and responsiveness to our needs was absolutely outstanding," added Mr. Brian Maloy, the Company's CFO. "This transaction helped us conclude an attractive and important acquisition. We were very pleased with CSG's guidance, and with the financing facility CSG helped us secure under favorable terms."
About CSG Partners
CSG Partners, LLC is a boutique investment bank specializing in Capital advisory services, mergers and acquisitions and ESOPs for middle-market companies. The firm has advised on over a 100 transactions in the past few years, with an aggregate value exceeding $7 Billion. CSG Partners is headquartered in New York and has an additional office in San Francisco. More information on the firm can be found at www.csgpartners.com.
Ambertek is a buyout sponsor group focused on bringing its skills in operational improvement, distributed work force management, integration, change management and to improve profitability of its portfolio companies.
About SS Equipment Services:
SS Equipment Services is a leading provider of critical pre- and post-drilling construction services to many oil and gas exploration and production firms in the Eagle Ford Shale region of south Texas. The Company is headquartered in Cotulla, TX,
About White Oak:
White Oak Global Advisors, LLC ("White Oak"), an SEC-registered investment adviser established in 2007, is the investment manager to various investment funds and separately managed accounts. White Oak's primary investment strategies are direct-lending, liquid credit investing, and cash management.
SOURCE CSG Partners, LLC