GE Capital Agents Bird Electric Enterprises Financing
GE Capital announced it is providing a $50 million credit facility to Bird Electric Enterprises, an electrical services provider. The facility will be used for general working capital and to support a majority investment by 220.127.116.11, a private investment and acquisition firm.
“GE Capital provided us with a flexible capital structure to fund our growth,” said Brian Bird, founder & CEO of Bird Electric. “GE understood our business goals and constructed a custom solution to help us achieve them, which ultimately benefits our customers.”
“GE Capital’s scale, domain expertise, and extensive energy industry resources will help us to grow,” said Dale LeFebvre, chairman of 18.104.22.168, a majority owner of Bird Electric. “They matched capital with ideas that will enhance Bird Electric’s continuing transformation and ever-better customer delivery. We look forward to working together in the years to come.”
“We focus on tailored capital solutions for mid-size companies like Bird Electric,” said Paul Feehan, senior managing director for GE Capital, Corporate Finance. “By combining industry and structuring expertise, we provided capital that fully supports their immediate and longer-term growth.”
Eastland, TX-headquartered Bird Electric specializes in providing low, medium and high voltage electrical services to major oil, gas and power companies operating across the Permian Basin in western Texas and southeastern New Mexico.