Creedence Energy Services Recapitalizes Magna Energy Services

Tower Arch Capital Recapitalizes Creedence Energy Services

December 10, 2019

Energy

Tower Arch Capital completed a recapitalization of Creedence Energy Services, partnering with founders Kevin, Wyatt and Malachi Black. The transaction will support Creedence’s growth and geographic expansion across the Bakken and Permian basins while providing liquidity and operational support from Tower Arch.

Creedence Energy Services Recapitalizes ProChem Energy Services

March 3, 2021

Energy

Creedence Energy Services (a portfolio company of Tower Arch Capital) has recapitalized ProChem Energy Services, making ProChem a wholly owned subsidiary while the Turner family and leadership team remain significant investors. The deal — financed by KeyBank with terms undisclosed — expands Creedence’s geographic footprint and in‑house chemical blending and oilfield service capabilities across major U.S. basins including the Permian, Eagle Ford and SCOOP/STACK.

Rising Point Capital Leads Recapitalization of Conco Services Corporation

May 8, 2020

Industrial Services

Rising Point Capital, together with subordinated debt and equity investors Tecum Capital Partners and UMB Capital Corporation, recapitalized Conco Services Corporation, providing liquidity to the Saxon-Godish family while leaving management and the family with a significant stake. The investor group also secured senior debt from S&T Bank and plans to support Conco's growth, back-office investment, and service expansion in power generation and industrial end markets.

Tower Arch Capital Recapitalizes Miller Industries

August 30, 2024

Manufacturing

Tower Arch Capital completed a recapitalization of Miller Industries, LLC in a transaction with the Miller family and company management to support growth, vertical integration, and geographic expansion. Greenwich Capital Group served as exclusive financial advisor to the Miller family on the deal, which marks the second platform investment for Tower Arch’s third fund.

Carousel Capital Recapitalizes CraneWorks

August 26, 2025

Industrial Services

Carousel Capital has recapitalized CraneWorks, partnering with brothers David and Steve Upton who will remain significant continuing owners. The recapitalization—funded from Carousel’s sixth fund with senior debt provided by PNC Bank, Truist Financial, and Pinnacle Financial Partners—will fund fleet expansion and deepen CraneWorks’ operated crane and equipment rental service offerings from its Birmingham, Alabama base.

Tower Arch Capital Recapitalizes S&N Communications and Forms S&N Infrastructure Services

December 5, 2023

Infrastructure

Tower Arch Capital has formed S&N Infrastructure Services, LLC in partnership with Allen Powell and S&N's leadership to complete a recapitalization of N&S Construction, Inc. d/b/a S&N Communications. The investment will support the company's planned geographic expansion and capability growth across its communications and electric utilities infrastructure services in the Mid-Atlantic and Southeast.