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Candlewood Partners Advises AVC Partners in the Acquisition and Recapitalization of D&T Trucking, Rowdy Farms, and Gila Hotshot to Become 1845 Oil Field Services
  • USA - English


News provided by

Candlewood Partners

Apr 23, 2014, 10:00 ET

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Weatherford, TX (PRWEB) April 23, 2014 -- Candlewood Partners is pleased to announce that it served as exclusive advisor for AVC Partners in its acquisition and recapitalization of D&T Trucking, Rowdy Farms, and Gila Hotshot to create the leading Proppant Logistics company in North America; subsequently rebranded as 1845 Oil Field Services.

D&T is excited to join forces with Rowdy Farms and Gila Hotshot to offer a one-call proppant freight management solution

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AVC Partners together with the existing management teams structured the deal to include three separate but related acquisitions. Candlewood Partners arranged five simultaneous financings, utilizing a diverse capital base of senior capital, sale-leaseback, and junior capital to meet both the Company’s acquisition capital needs as well as provide the Company with a strong balance sheet to support its anticipated growth.

The merger has created a footprint for 1845 that spans many of the major shale plays, including the Barnett, Eagleford, Haynesville, Woodford Shale, and Permian Basin. 1845’s customers now have access to a fleet of nearly 500 dedicated power units along with a state-of-the-art, 24/7 live dispatch operation center and industry-leading logistics technology.

Tim Buffington, CEO of D&T Trucking, has assumed the role of CEO of 1845 Oil Field Services. “D&T is excited to join forces with Rowdy Farms and Gila Hotshot to offer a one-call proppant freight management solution,” said Buffington. “Our field coordinators and logistics professionals seamlessly integrate with our customers’ supply chain management and make oil field transportation services more efficient and cost-effective for our customers.”

D&T Trucking has been experiencing solid growth as the U.S. energy boom continues, which is particularly strong in the Company’s core operating markets of West and South Texas. AVC Partners, a company focused on value growth, joined with management and purchased a majority share of D&T to execute a strategic plan, while Candlewood Partners helped source, secure, and structure the financing to meet the goals of this plan.

About Candlewood Partners

Candlewood Partners is an investment bank focused on value creation for middle market companies and investors through capital formation, real estate, and intellectual property services. With locations in Cleveland, OH and New York, NY, Candlewood Partners’ clients range from fundless sponsors to public traded and privately held middle market corporations.

Securities offered through Candlewood Securities LLC, Member FINRA, Member SPIC and the affiliated broker-dealer of Candlewood Partners LLC. For more information, please visit: http://www.candlewoodpartners.com

About AVC Partners

Providing expert navigation for accelerated growth for Companies between $5 and $15 million of EBITDA in the business services, logistics and manufacturing sectors. AVC Partners brings the benefits of patient capital, professional business acumen and market insights to assist business owners accelerate growth, and realize greater levels of success. For more information, please visit: http://www.avcpartners.com

About 1845

Established in by the combination of D&T, Rowdy and Gila in 2014, the company has formed the market leading proppants Logistics Company. It supplies transportation services to major oil and gas shales in the United States through company equipment, owner operators and third party carriers. 1845 is headquartered in Weatherford, TX.

Kate Shafer, Candlewood Partners, http://www.candlewoodpartners.com, +1 216.472.6664, [email protected]

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