During 2020, Energy Impact Partners Credit Strategies participated in transactions totaling more than $100 million in five new U.S.-based businesses, including Williams Industrial Services Group, Derive Systems, Tenere, Trekker Group and The Eastern Specialty Company (TESCO).

EIP Credit Strategies serves as leader in ESG investments and has participated in 14 transactions across the power, renewable, software and technology, industrial and transportation industries.

“Our investments in 2020 reflect our mission to provide creative capital solutions to U.S. lower middle market companies,” Harry Giovani, CEO and managing partner of EIP, said. “Our fund’s bespoke structuring and overall platform enables strong underwriting capabilities. We are very excited to partner with these five additional companies while also continuing our support of existing portfolio investments such as Palmetto Clean Technologies and Volta Industries. We have been thoroughly impressed with the management teams and the vision these companies possess, and we look forward to supporting their continued future success.”

“Our customized financing solutions continue to show promise as more U.S. lower middle market companies require capital to effectively execute their growth plans. Our differentiator is our unique platform, which creates stronger alignment between our team and our portfolio companies, and offers strategic value beyond capital financing,” Tal Sheynfeld, a partner at EIP Credit Strategies, said.

Background on EIP’s Investments

  • Agented a $50 million term loan facility for Williams Industrial Services Group, a provider of specialty energy construction and maintenance services to the North American power generation industry
  • Provided a $20 million term loan facility to Derive Systems, a mobility software platform
  • Led and agented the upsize of the existing credit facility for Tenere by providing a $22 million term loan. Tenere is a provider of custom mechanical solutions across a range of industries, including cloud infrastructure, network architecture, fiber optics, autonomous transportation and renewable energy.
  • Provided $13.2 million of growth capital to Trekker to capture opportunities relating to infrastructure buildouts in the Florida and Puerto Rico markets. Trekker is a third-generation family-owned business that sells, rents, and services construction equipment, parts and tools, building materials, formwork and shoring systems.
  • Invested $7.5 million in TESCO. TESCO’s services to the utility industry include meter shop layout, statistical sampling, equipment specifications, field services, facility relocation, quality systems, project management and custom equipment.

EIP Credit Strategies supports U.S.-based small and middle market businesses with a specific focus on energy-related investments. The group offers financing solutions across the capital structure, including first and second lien secured term loans and unsecured debt as well as equity.