Energy Services Company AAR Obtains $6 Million From CapX Partners
Colorado-based All Around Roustabout, LLC (AAR) provides drilling support services, completion and production-related tasks for oil and natural gas companies. Founded in 2008, the company has grown rapidly, becoming the dominant solution for energy services in the West. Their private equity partners introduced AAR to CapX Partners with the objective of efficiently procuring and financing their new investment in machinery and equipment, which would enable them to keep up with a growing and diversifying customer base. Recognizing AAR’s success in growing its customer base, expanding its service offerings, and maintaining an exceptional reputation for superior service and a flawless safety record, CapX provided a customized equipment lease line of credit that is being used to finance new capital expenditures. CapX’s lease facility will fund new machinery and equipment that will be immediately put into the field to service AAR’s contracts with oil producers and drilling companies located throughout the United States.