PPHB has advised API Perforating in Securing an Asset-Based Loan
API Perforating Services, LLC (“API ” or the “Company”)
API is one of the leading providers of wireline solutions, including perforating, logging, pipe recovery and other wireline related services to the U.S. energy industry. The Company was founded in 2010 by industry veterans in the oilfield services sector and primarily operates in North, South and West Texas. API is headquartered in New Albany, Texas operating over 30 wireline and hauling trucks and has over 160 employees between its’ three facilities.
Amerisource Business Capital (“Amerisource”)
Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the U.S. with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S. Amerisource’s deep experience and expertise in complex situations allows it to deliver creative solutions that maximize liquidity and flexibility for its clients. Amerisource is headquartered in Houston, Texas and has offices located throughout the U.S.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: