Stonebriar Commercial Finance announced the closing of a $35 million equipment sale and leaseback with a private equity owned oil and gas midstream company that provides gathering and processing services to exploration and production customers. The leased assets consist of newer natural gas compressors.
Reagan Rorschach, Stonebriar Managing Director, stated, “This opportunity has all of the strong fundamentals we value in a transaction – substantial and committed sponsorship, industry experienced and proven management, essential use and income producing midstream assets operating in a cycle resistant basin, and a captive customer base that relies on the subject facilities to monetize production.” Reagan added, “We knew immediately that a viable investment opportunity existed with this quality management team and these strategically located facilities. Harrison Smith, SCF Investment Manager, worked collaboratively with the client through underwriting and documentation, ultimately closing the lease within the desired budget and timeline.”
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About Stonebriar Commercial Finance
Stonebriar, an Eldridge Industries portfolio company based in Plano, TX, is a leading provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance. To learn more about Stonebriar Commercial Finance please visit www.StonebriarCF.com
About Eldridge Industries
Eldridge Industries is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries please visit www.Eldridge.com