The Challenge
Creek Pipe Company, an oilfield services provider operating in the Permian Basin, was experiencing rapid growth driven by an expanding project backlog across pipeline and facility work. As new projects ramped simultaneously, the company required additional raw materials, equipment, and labor to meet demand.
However, rising fuel costs, bonding requirements, and ongoing equipment needs placed pressure on working capital. With cash flow stretched, management risked missing project timelines and slowing growth at a critical point in their expansion.
Our Solution
Creek Pipe Company partnered with EMC Financial to secure a flexible capital solution capable of supporting ongoing operations and growth.
EMC structured a $5.5 million subordinated revolving facility, providing immediate access to working capital without tying availability to specific projects. The facility was designed with no financial covenants, allowing management to deploy capital as needed across fuel, equipment, and project execution.
The transaction was executed quickly, giving the company the liquidity and flexibility required to maintain timelines and support continued expansion across its project pipeline.
Measured Results
- Immediate improvement in cash flow, allowing the company to stabilize operations
- Completed active projects on schedule without disruption
- Caught up on outstanding payables and strengthened vendor relationships
- Maintained growth trajectory across an expanding project pipeline
EMC Advantage
- ✔ Rapid execution to meet time-sensitive project demands
- ✔ Flexible revolving structure not tied to specific contracts
- ✔ Covenant-light capital designed for operational use
- ✔ Ability to support growth alongside existing capital structures