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Oilfield

CSG Partners raises USD11m for Ambertek's acquisition of SS Equipment Services


CSG Partners, the New York-based boutique investment bank, acted as the exclusive financial adviser for a USD11m senior debt financing for Ambertek's acquisition of SS Equipment Services (SSE). 

SSE is headquartered in Cotulla, Texas and is an oil field services company focused on providing critical pre- and post-drilling construction services to many oil and gas exploration and production firms in the Eagle Ford Shale region of Texas.

"CSG Partners is proud to have worked with The Ambertek Group to help finance this acquisition," says Alex Meshechok, a managing director at CSG Partners. "This is an exciting opportunity for Rick Pfeiffer and Brian Maloy, the principals of Ambertek, to partner with the existing owners of SSE and to bring their extensive business experience to bear to help drive SSE's future growth. The debt portion of the transaction was financed by White Oak Global Advisors, LLC and we are grateful to Scott Johnston and his team for their flexibility and responsiveness in making this deal happen." 

"The transaction structured by CSG Partners was an excellent alternative to other, more limited options available to us," says Richard Pfeiffer, president and chief executive of Ambertek.

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