Fund: Fund III
Status: Exited
Industry: Equipment Rental
Catalyst: Growth Capital
Location: United States
Ownership: Minority Owned
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Light Tower Rentals

LTR rented support equipment to oil and gas companies in the major drilling basins, servicing over 470 customers in Texas, New Mexico, Colorado, Arkansas, Louisiana, Oklahoma, Pennsylvania and North Dakota.

Read about Growth Story

Deal Highlights:

    • Grew from seven branches in three states to 14 branches and eight satellite locations serving 16 states
    • Completed five strategic add-on acquisitions
    • Clairvest and management successfully navigated through the economic downturn in 2009-2010
    • Achieved a 4.7x Multiple on Invested Capital