Business Description: TexStar 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.
Challenge: TexStar Water Services, LLC experienced significant growth since 2009 and had additional growth opportunities it was pursuing. The Company required additional debt capacity and an expanded capital base to support its significant growth. Further, the Company had experienced a difficult 2009, which limited interest from commercial banks.
Solution: Wilcox Swartzwelder & Co. was able to find a lender that understood the Company’s historical performance, recognized its growth opportunities and was supportive of the business plan.
Transaction Demonstrates: Ability to successfully arrange and negotiate a favorable credit facility; knowledge of the energy industry; and experience working with energy services companies and energy focused institutional lenders and investors.
Wilcox Swartzwelder & Co. are energy investment bankers in Fort Worth / Dallas, Texas.
See press release.