CIT Northbridge Credit has provided a $65 million secured credit facility to CherCo Solutions LLC to enhance its natural-gas compression services and expand operations.

Target Information

CherCo Solutions LLC is an energy infrastructure company headquartered in Houston, Texas, that specializes in providing contracted natural-gas compression services and aftermarket support for upstream and midstream operators. The firm offers a diverse array of gas and electric compression solutions tailored to various horsepower requirements, and delivers significant maintenance and operational support across key regions including Texas, New Mexico, Louisiana, and Oklahoma.

With a commitment to reliability and low-emission technology, CherCo is strategically positioned to meet the growing demands of the energy sector. The company's CEO, Chet Erwin, emphasizes the importance of expanding operational capabilities and investing in advanced equipment to enhance service delivery to its clients.

Industry Overview

The energy sector in the United States, particularly in natural gas, has undergone substantial transformation in recent years. The push towards cleaner energy sources has intensified the demand for low-emission compression technologies, unlo