Driven by accelerated growth, a Houston-based company providing transportation in the energy infrastructure space for sand processing and crude oil required increased capital capacity just as its lender capped its facility and adopted a more conservative risk posture and began winding down its industry portfolio. The bank referred the company’s owners to nFusion Capital for its oil and gas industry expertise as well as its ability to work quickly.
Greg Dyson, senior vice president, business development, and his team structured a flexible solution, a $15 million ABL line, with increased liquidity and an accordion feature to $30 million to help support future strategic growth. Facing a compressed timeline, nFusion worked quickly to close the transaction within 60 days from term sheet signing.
The flexible capital injection significantly strengthens the company’s ability to invest in new projects, equipment and personnel, while the $30 million accordion feature will fuel its long-term growth and expansion strategies.
