$7 million helps fund GTUIT’s growth
In order to execute their fast-paced growth plan, GTUIT turned to CapX Partners for growth capital to allow them to capitalize on the significant opportunities ahead of them. Alongside additional equity contributed by GTUIT’s sponsors, CapX designed a debt solution to address immediate capital needs of the company. This $7 million equipment lease line of credit will fund GTUIT’s equipment growth enabling GTUIT to accelerate the build out of its modular fleet in order to meet the market demand.
“GTUIT’s technology satisfies both an increasing state level environmental pollution control requirement and a highly profitable business model. CapX found this to be compelling for an early stage investment that was confirmed by the experience of GTUIT’s founding management and the depth of its oil and gas family office investors. We look forward to GTUIT’s growth and potential to be an industry leader ” stated Jeff Pfeffer, Managing Partner, CapX Partners
