CIT Northbridge Credit announced that it has provided a $65 million secured credit facility to CherCo Solutions LLC, an energy infrastructure firm focused on contracted natural-gas compression and aftermarket services for upstream and midstream operators. 

Headquartered in Houston, CherCo offers gas and electric compression for a range of horsepower, and provides maintenance and operational support throughout Texas, New Mexico, Louisiana and Oklahoma. 

“As demand for reliable, low-emissions compression grows, we are expanding our capabilities to better serve our customers in key areas,” said Chet Erwin, CEO of CherCo. “We appreciate CIT Northbridge's support in securing this financing which will enable us to invest in new equipment and expand our operations.” 

“CherCo has built a reputation for providing top-tier solutions with a customer-first driven approach,” said Neal Legan, Business Leader, CIT Northbridge. “We are thrilled to provide CherCo with this new facility and support their commitment to delivering solutions that help provide low-emissions natural gas compression services.”