Tiger Capital Group provided Commander Oilfield Services with a $5 million term loan that will allow the company to add premium assets and expand its service lines to meet strong customer demand in the Permian Basin.
Formed by Scott Milliren, Kyle Greemon and Norwegian private equity firm Norse Partners, Commander will use the funds to purchase equipment employed in specialized high horsepower pumping operations, including 2,600-hp pumps, acid transports, data trailers and associated equipment. These assets will allow the company to support completions-related services.
“Commander is a premium provider of specialized high-pressure pumping services with the ability to support coil tubing, wireline, acid and general fracking operations,” Andy Babcock, director of Capital Solutions, Tiger Capital Group, said. “They are investing in new equipment that supports industry advances that have spurred demand for greater hydraulic horsepower and are positioning themselves to be a premium provider to operators and service companies.”
