Spark-Binder Capital closed a $12 million credit facility for a company in the midstream energy sector that provides turnkey design and fabrication of measurement systems along with an array of additional systems for various applications. The company will use the funds to replace its current credit facility and provide ongoing working capital for growth.

“Utilizing decades of experience in the capital markets, and underwriting capabilities, a capital provider was quickly identified, saving the company wasted efforts and a deal closed in a timely manner. It’s our rifle shot approach in action,” Milton Iskra, managing partner at Spark-Binder Capital, said.

Spark-Binder Capital is an investment bank located in Dallas. For securities-related investment banking services, including M&A and institutional capital raising, certain principles of Spark-Binder Capital are registered representatives of Burch & Company.