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ExWorks Capital Provides $10MM in Working Capital to Ohio Oil & Gas Servicer

September 22, 2017, 07:00 AM
Filed Under: Oil & Gas

ExWorks Capital provided $10 million in working and growth capital to a U.S.-based firm that provides services to the oil and gas industry.

The Ohio-based company was formed in 2016 to service the oil and gas industry. The company performs specialized tubular/tools rental and inspection, high pressure testing, specialized equipment rental, and iron re-certification for customers in the industry.

“We were excited to learn of the company’s incredible growth story when we got the call from the investor group“, said Andy Hall Chief Creditor Officer of ExWorks Capital, “the company is likely to triple in volume this year, the staunch support from the investors and proprietary technology in its products that are creating greater operating efficiencies in this industry segment made it a very easy decision for us”. 

ExWorks closed the transaction in two and half weeks from introduction.

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