Brookside Capital Partners is pleased to announce its investment in REI Utility Services LLC (“REI”). Founded in 2016 and headquartered in Athens, TX, REI provides an array of services to electric co-operatives across east and central Texas. REI specializes in joint use management, which refers to the coordinated sharing of utility infrastructure, such as poles, conduits and towers, among multiple service providers in a geographic area. REI provides various high-value field, engineering, contract and admin services, to electric co-operatives that operate more than 75,000 distribution line miles across Texas.
Brookside Capital Partners provided unitranche debt and an equity co-investment alongside co-investor, Graycliff Partners, to support the acquisition of REI by LP First Capital, an Austin, TX-based lower middle market private equity firm that invests in family and founder-owned companies across the commercial, consumer, healthcare and education services sectors.
About Brookside Capital Partners
Brookside has invested $1.3 billion since its founding in 2001. We are a leading provider of flexible capital solutions to lower middle-market companies, typically in the form of subordinated debt, unitranche loans and minority equity co-investments. Brookside generally invests $5 million to $30 million per transaction and has the resources to complete larger transactions, as well, by partnering with limited partners and associates. As a firm, we believe in partnership, collaboration, and achieving results together. We value the relationships with our sponsor and management partners and seek to find credit solutions that work for each unique situation. We deliver on our promises.
Please contact us or visit our website at brooksidecp.com for additional information. We welcome investment proposals and promise a prompt and confidential response.