The PrivateBank announced it has extended $8.0 million in credit facilities to Energes Services, LLC. Energes Services, LLC provides a variety of oilfield construction and maintenance services to exploration and production firms.
Energes Services, LLC, is a portfolio company of Arcade Capital, LLC and Vintage Capital Partners.
Founded in 2007, Arcade Partners, LLC is a West Hartford, Connecticut based private equity firm that considers seed investments as well as restructurings, special situations, buyouts and acquisitions.
Vintage Capital Partners, is an Orlando, Florida based operations-focused, private- and public-equity investor specializing in the aerospace and defense, manufacturing and consumer sectors.
The PrivateBank is a part of PrivateBancorp, Inc., and delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. As of March 31, 2014, the company had 33 offices in 10 states and $14.3 billion in assets.