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Stonebriar Commercial Finance Closes $35MM Equipment Lease

February 13, 2019, 07:22 AM

Stonebriar Commercial Finance announced the closing of a $35 million equipment sale and leaseback with a private equity-owned oil and gas midstream company that provides gathering and processing services to exploration and production customers.

The leased assets consist of newer natural gas compressors.

“This opportunity has all of the strong fundamentals we value in a transaction – substantial and committed sponsorship, industry experienced and proven management, essential use and income producing midstream assets operating in a cycle resistant basin, and a captive customer base that relies on the subject facilities to monetize production,” said Reagan Rorschach, Stonebriar Managing Director.

“We knew immediately that a viable investment opportunity existed with this quality management team and these strategically located facilities,” Rorschach added. “Harrison Smith, SCF Investment Manager, worked collaboratively with the client through underwriting and documentation, ultimately closing the lease within the desired budget and timeline.”

Stonebriar, based in Plano, TX, leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through five distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance.

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