Brightwood Capital Advisors, a private credit firm, provided financing to support USA DeBusk’s add-on acquisition of Nitro Lift Technologies, Nitro-Lift Fabrication and Nitro-Chem Solutions. This financing follows an expansion of USA DeBusk’s credit facility earlier this year, arranged by Brightwood in July.
USA DeBusk’s is majority-owned by management and is further supported by strategic partner First Reserve, a private equity firm exclusively focused on investing across energy, infrastructure and general industrial end-markets. Financial terms of the deal were not disclosed.
Founded in 2006, Nitro-Lift is a Native American-owned, vertically integrated energy service provider specializing in nitrogen, fabrication and chemical services.
“We are pleased to continue our relationship with USAD and believe this latest transaction is a testament to our longstanding support for the company,” Sachin Goel, managing director at Brightwood Capital Advisors, said. “By working directly with the founder and management team, we have been able to demonstrate flexibility and creativity to help advance USAD through its development. We look forward to being a value-added partner in their growth story for many years to come.”
“We look forward to expanding our partnership with Brightwood, who has been an invaluable partner during our growth journey,” Andrew DeBusk, CEO of USA DeBusk, said. “Our recent acquisition of Nitro-Lift and the financial support that Brightwood has been providing to help maximize the market opportunity set positions us to continue to deliver critical and essential services to our partners nationwide.”
“We are pleased to continue our relationship with Brightwood, whom we have successfully partnered with on a number of transactions,” Gary Reaves at First Reserve said. “We are confident their support will help advance USAD’s growth initiatives, and we look forward to being a part of the company’s future success.”
