ORIX Mezzanine & Private Equity Investments has made a mezzanine and equity investment to support the acquisition of Sierra Engineering and Sierra Petroleum Services by Corinthian Capital Group.
Sierra provides engineering and consulting services to the oil and gas industry and specializes in wellbore-construction project management. The company is headquartered in Midland, TX (www.sierra-engineering.net).
“We are pleased to be partnering once again with Corinthian Capital professionals and look forward to working with Sierra and its management team,” said Jeff Sangalis, managing director of ORIX Mezzanine and Private Equity Investments.
ORIX Mezzanine & Private Equity (OMPE) provides mezzanine debt and/or equity capital to lower middle market companies throughout the United States. As a business unit of Dallas-based ORIX USA, OMPE makes investments from $5 million to $25 million in a wide variety of businesses and geographic areas for buyouts, mergers and acquisitions, recapitalizations and refinancings, and growth and expansions situations. Investments are with companies owned by equity sponsor groups, fundless sponsors, family owned companies, and directly with management teams. ORIX Mezzanine & Private Equity is based in Dallas (www.orixmpe.com) (www.orixpe.com).
“Sierra has emerged as a leading provider of oil and gas engineering and consulting services and has a very strong brand. I am confident that, with Sierra’s impressive management team, we can help position the company to expand and grow domestically as well as abroad,” said C. Kenneth Clay, senior managing director of Corinthian Capital.
Corinthian Capital invests in niche manufacturing, distribution, and service businesses with EBITDAs between $10 million and $30 million located primarily in North America. Corinthian Capital is based in New York with offices located in Chicago and Boston (www.corinthiancap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-1-13