Daily News: October 25, 2016

Crestmark Closes $2MM ABL Loan for Evolution Energy

Crestmark Bank closed a $2 million asset-based loan for Evolution Energy.

The facility was structured to help Evolution meet working capital needs as it grows.

BRG Capital Advisors acted as the exclusive advisor to Evolution.

Evolution Energy is an oil field services company that provides water delivery, transportation and other support services primarily to corporations active in the Marcellus and Utica shale formations.