Daily News: November 20, 2019

Prosperity Bank Upsizes GATE Energy Facility


GATE Energy expanded its credit facility with Prosperity Bank.

As part of this partnership, GATE Energy has access to additional capital that will fund organic growth and strategic acquisitions.

“We are definitely excited to be associated with a strong and healthy company such as GATE Energy who showed vision and growth out of the downturn. With a seasoned management team, strong backlog, and solid performance, they are setup for growth and success,” said Chase Zalman, president of Prosperity Bank.

GATE Energy is a family of companies that provide scalable, fit-for-purpose services for the energy sector including engineering, commissioning, and specialty field services.