Phoenix Service Partners operates in the gas compression services sector, offering compression equipment and related operational support. The company closed a $150 million asset-based lending (ABL) facility with a $100 million accordion feature alongside a $100 million equity partnership agreement, strengthening its financial position. The ABL was arranged by a bank group led by First Horizon Bank (Administrative Agent and Joint Lead Arranger) and Texas Capital Bank (Joint Lead Arranger), with other participating financial institutions. Phoenix says the financing will fund strategic growth initiatives, investment in operational efficiencies, and procurement of best-in-class equipment. Management plans to use the capital to accelerate expansion across key regions while maintaining operational excellence and customer satisfaction.

Total raised

$100M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2025