All Around Roustabout, LLC

“WE NEEDED A TIMELY AND PRACTICAL SOLUTION TO CONTINUE ON OUR PATH OF GROWING OUR BUSINESS. CAPX PARTNERS PROVIDED A TIMELY AND RESPONSIVE SOLUTION, PROVING TO BE A TERRIFIC LONG TERM PARTNER TO AAR COMPANIES. OUR FUTURE GROWTH PLANS WILL BE CLOSELY CONNECTED TO THOSE OF CAPX PARTNERS.” Frank Nisenboim, Private Equity Sponsor

INVESTMENT SITUATION

All Around Roustabout (AAR) provides drilling support services, completion and production-related tasks for oil and natural gas companies, building, repairing, modifying, and maintaining equipment, sites, wells, and pipelines. 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.

Based in Colorado’s Front Range area, AAR delivers a one-stop-shop solution to producers by offering a complete host of field services such as: complete roustabouts, flow line installation, 24-hour hot shot services, pot holing, dump truck services, 24-hour welding, rig access building, equipment rental, potable water service, environmental services, solid waste dumpster services, etc. To fulfill customer demand for its services, AAR looked for growth capital to help increase its operating capacity.

THE CAPX APPROACH AND SOLUTION

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.

“After being informed about the investor group’s acquisition of aar, capx quickly reviewed the business model and met with management/ownership to get a better understanding of the strategy going forward. Capx was then able to customize an equipment lease facility that would provide aar with sufficient capital along with flexibility to efficiently make acquisitions. Capx looks forward to supporting the ownership/management team in the years to come.” — Bryan Rozum, Vice President, CapX Partners