Kian Capital has invested $5.25 million in senior subordinated debt in SPATCO Energy Solutions to support the Company's growth initiatives in the petroleum and emerging fuel markets.

Target Company Overview

Kian Capital has recently invested $5.25 million in senior subordinated debt in SPATCO Energy Solutions (referred to as "SPATCO" or "the Company") to help fuel its growth initiatives. Headquartered in Charlotte, North Carolina, SPATCO is recognized as a premier value-added distributor and service provider of liquid handling equipment within the petroleum and industrial markets. As the largest distributor of Wayne fueling systems in the Southeastern United States, SPATCO also stands out as a notable manufacturer of Diesel Exhaust Fluid (DEF) dispensing equipment and storage solutions.

In addition to its role as a leading distributor of Wayne systems, SPATCO also specializes in Galileo Technologies' natural gas fueling systems. The Company employs a unique service-oriented approach that caters to a diverse and established customer base, which includes national and regional convenience store operators, major oil companies, military fueling facilities, regional trucking companies, and commercial bulk petroleum plants.

Industry Overview

The liquid handling equipment sector, particularly in the United States, has witnessed significant development driven by the increasing demand for efficient and sustainable fuel solutions. This growth tra