Transactions - Capital Raising
TriStar PetroServ (www.tristarpetroserv.com)
Frost Securities advised TriStar PetroServ on its recently completed $8 million subordinated debt financing. Frost Securities was actively involved in structuring the transaction and in raising the capital. Peninsula Capital Partners provided the subordinated debt financing, the proceeds of which were used to fund the acquisition of United Laboratories International, LLC. TriStar is a Houston, Texas-based provider of innovative, solution-based tank cleaning, waste minimization and dewatering services to customers in the industrial, refining, petrochemical and power production industries in North America. ULI develops and manufacturers environmentally safe chemicals for petroleum refining, petrochemical, solid and liquid waste and odor abatement applications.