Fulcrum Capital Partners has provided a subordinated debt facility to Bri-Chem, a distributor of drilling fluids and seamless steel pipe. Proceeds from the facility will be used to finance future acquisitions, working capital, growth capital expenditures or for general corporate purposes
Bri-Chem has two primary segments of business. The Drilling Fluid Division is a wholesale supplier of drilling fluids for the oil and gas industry. Bri-Chem provides over 100 drilling fluid products, cementing, acidizing and stimulation additives from 25 warehouses located throughout Canada and the United States. The Steel Pipe Division is a wholesale distributor of seamless steel pipe ranging in size from half inch to thirty-six inch. Bri-Chem is headquartered in Edmonton (www.brichem.com).
Fulcrum Capital Partners manages over C$750 million of capital and makes private equity as well as mezzanine and bridge debt investments in mid-sized businesses. Sectors of interest include services, manufacturing, and distribution industries. Fulcrum Capital Partners has offices in Vancouver and Toronto (www.fulcrumcapital.ca).
© 2012 PEPD • Private Equity’s Leading News Magazine • 12-18-12
