Brightwood Capital Advisors Expands Credit Facilities with USA DeBusk LLC to Support Add-On Acquisition of Nitro-Lift

Brightwood Capital Advisors, LLC, a leading private credit firm, announced that it has provided financing to support USA DeBusk’s (“The Company” or “USAD”) add-on acquisition of Nitro Lift Technologies, L.L.C., Nitro-Lift Fabrication LLC, and Nitro-Chem Solutions LLC (collectively “Nitro-Lift”). This financing follows a strategic expansion of USAD’s credit facility earlier this year, arranged by Brightwood in July of 2023.

USAD is majority-owned by management and is further supported by strategic partner, First Reserve, a leading global private equity firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets. Financial terms of the deal were not disclosed.

Founded in 2006, Nitro-Lift is a Native American-owned, vertically integrated energy service provider specializing in nitrogen, fabrication, and chemical services.

"We are pleased to continue our relationship with USAD and believe this latest transaction is a testament to our longstanding support for the Company,” said Sachin Goel, Managing Director at Brightwood. “By working directly with the founder and management team, we have been able to demonstrate flexibility and creativity to help advance USAD through its development. We look forward to being a value-added partner in their growth story for many years to come.”

“We look forward to expanding our partnership with Brightwood, who has been an invaluable partner during our growth journey,” said Andrew DeBusk, CEO of USAD. “Our recent acquisition of Nitro-Lift and the financial support that Brightwood has been providing to help maximize the market opportunity set positions us to continue to deliver critical and essential services to our partners nationwide.”

“We are pleased to continue our relationship with Brightwood, whom we have successfully partnered with on a number of transactions,” said Gary Reaves at First Reserve. “We are confident their support will help advance USAD’s growth initiatives, and we look forward to being a part of the Company’s future success.”

About Brightwood Capital Advisors

Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle-market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.

Founded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage more than $5 billion of assets on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: https://brightwoodlp.com/.

About USA DeBusk

USA DeBusk serves the industrial infrastructure sector through a diverse and complementary suite of high-value traditional and specialty services for turnarounds, routine maintenance, and emergency support. With an unrelenting commitment to safety and a passion for applying innovative technologies, USA DeBusk assists customers in maintaining their equipment assets and optimizing their processes.

Founded in 2012, USA DeBusk has its headquarters in Deer Park, Texas, and operates 41 offices and service centers across North America, as well as a large number of customer site-based locations.

About First Reserve

First Reserve is a private equity firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets. Founded in 1983, First Reserve has nearly 40 years of industry insight, and has cultivated a network of global relationships. First Reserve has raised more than $34 billion of aggregate capital since inception. Its investment and operational experience have been built from over 750 transactions, including platform investments and add-on acquisitions, on six continents. The firm's portfolio companies have operated globally in over 60 countries and span the entire energy and industrial spectrum. Please visit www.firstreserve.com for further information.

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