Great American Capital Partners Provides $25 Million Credit Facility to Greene’s Energy Group, LLC
September 12 2017 - 9:00AM
Great American Capital Partners, LLC (“GACP”), a wholly owned
subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), has
entered into an agreement with Greene’s Energy Group,
LLC to provide a $25 million senior secured credit
facility.
“We are pleased to work with Greene’s Energy Group on their
operational plans. GACP remains committed to working with quality
energy services companies to provide thoughtful solutions and
access to needed capital. We are very excited about this
partnership,” said Bob Louzan, Managing Director at GACP.
“The loan from GACP has allowed Greene’s to completely refinance
its existing debt, as well as provide Greene’s liquidity for
expanded operations in the Permian, Eagle Ford, Northeast, and Gulf
of Mexico,” said Frank Mathews, Greene’s President and Chief
Operating Officer.
About Greene’s Energy Group, LLC Founded
in 1953, Greene’s Energy Group is a fully integrated oilfield
services company focused on delivering packaged solutions to
support drilling, completion and production operations in the U.S.
Gulf Coast, Eagle Ford, Permian and Marcellus regions.
About Great American Capital Partners, LLC
Great American Capital Partners (GACP) is a subsidiary
of B. Riley Capital Management, an SEC Registered
Investment Advisor. GACP originates and underwrites senior secured
loans across a wide array of industries, and is dedicated to
providing opportunistic and responsive capital to the underserved
middle market.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals. The Company
operates through several wholly-owned subsidiaries,
including B. Riley & Co., LLC, FBR Capital
Markets & Co., Wunderlich Securities, Inc., Great
American Group, LLC, B. Riley Capital Management,
LLC (which includes B. Riley Asset Management, B.
Riley Wealth Management, and Great American Capital Partners,
LLC) and B. Riley Principal Investments, a group that makes
proprietary investments in other businesses, such as the
acquisition of United Online, Inc.
John Ahn, PresidentGreat American Capital
Partnersjahn@gacapitalpartners.com310-689-2215
Media Inquiries:press@brileyfin.com
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