Tiger Finance grants $ 13.75 million credit facility to Laney Directional Drilling

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NEW YORK, January 6, 2022 / PRNewswire / – Tiger Finance closed on $ 13.75 million term loan for Waller, TexasLaney Directional Drilling, based in Laney, is a full-service trenchless engineering and construction company known for its highly complex drilling operations on large infrastructure projects.

The transaction, which closed on December 27, comes at a time of increased demand for Laney’s specialty services, said David kennedy, Senior Partner, Tiger Finance. “After decades in the oil and gas industry, Laney Directional Drilling has focused on assisting owners, contractors, municipalities, project developers and engineers with long, complex and difficult trenchless crossings on infrastructure projects. in the energy, wind and water sectors, ”he said. Noted.

The company specializes in horizontal directional drilling, a method of installing pipelines and trenchless conduits, as well as the Direct Pipe® method, ideal for crossings under dykes and environmentally sensitive areas, as well as for crossings. outlet or shore approach applications.

To date, Laney has completed 2,800 trenchless crossings and over 1,000 miles of trenchless pipeline installations.

“We are delighted to partner with Tiger for the next phase of Laney’s growth,” said Jim Katosic, senior vice president and chief financial officer of Laney. “Tiger recognized the potential of the industry for the foreseeable future and provided the necessary liquidity to meet the pending demand for our services. “

“Laney has all the in-house expertise necessary to perform the engineering, specifications and execution of complex and highly specialized infrastructure projects,” said Bob DeAngelis, Executive Managing Director of Tiger Finance. “They are well positioned for growth and this transaction is a prime example of how Tiger’s understanding of the industry and the assets has provided the best structure to support that growth.”

Tiger Finance is a division of Tiger Capital Group, which specializes in providing secured debt financing and equity investments, as well as comprehensive valuations for the ABL industry and disposals of consumer and industrial assets.

Press contact: At Jaffe Communications (908-789-0700), Bill parness, [email protected] Where Elisa krantz, [email protected].

Tiger Group SOURCE


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