Energy Maintenance Services Group I, LLC (“EMS”) announced the pricing of a private placement of $83,000,000 aggregate principal amount of 11.5% Senior Secured Notes and warrants to purchase common membership units. The net proceeds will be used to finance the acquisition of Zaval-Tex Construction Company, refinance existing indebtedness, and for working capital and general corporate purposes. M.M. Dillon & Co. (“Dillon”) acted as sole placement agent.
About Energy Maintenance Services:
EMS is a leading provider of operations and maintenance services to major pipeline owners and operators, including major integrated oil companies, pipeline and mid-stream companies, refiners, local distribution companies, independent power companies and oil and gas producers.
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.