CapX Funds Adler Hot Oil Services Equipment Credit

CapX Partners announced the closing of an undisclosed amount equipment lease line of credit to support the financing needs of Adler Hot Oil Services, an oilfield services company providing fluid heating to drill sites.

“We approached Adler Hot Oil Services with our undivided attention as the initial challenge was understanding how the industry and market conditions were affecting the company. CapX ultimately found comfort with Adler’s business model, its experienced management team, and financial discipline. We also appreciated the supportive relationship Adler received from its equity sponsor, Industrial Innovation Partners,” said Peter W. Washington, vice president, CapX Partners.

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