Ranger Offshore, a global marine and subsea construction and support services contractor to the offshore oil and gas industry, announced it refinanced its existing credit facility with White Oak Global Advisors.

Ranger also announced that its equity sponsor, SunTx Capital Partners, invested additional capital into the business. Proceeds from the White Oak refinancing and capital investment from SunTx will fund the closing of the previously announced acquisition of Technip USA’s diving assets and provide the company with additional capital to further implement its strategic growth initiatives.

Ned Fleming, managing partner of SunTx Capital Partners commented, “SunTx is proud to be an investor in Ranger and partner with White Oak Global Advisors to support Ranger’s management team as it successfully executes on its strategic growth plan.”