Founders Investment Banking, LLC is pleased to announce that it recently acted as lead financial advisor to Go-Coil, LLC (“Go-Coil”), a coiled tubing oilfield services company, to secure a significant round of growth financing. The financing allows Go-Coil to continue growing its business by building its fleet of coiled tubing assets and expanding its geographical reach to meet a growing demand for its services. Founded in August 2008 and based in Lafayette, LA, Go-Coil specializes in deep well, high pressure coil tubing work and performs other related services. Go-Coil is founded on the principle that “service matters” and both its employees and management are committed to safety, the environment and strong technical support.
Founders Investment Banking acted as lead advisor to Go-Coil and its management team in this financing. “This transaction demonstrates Founders’ unique approach as a capital advisory firm that understands the rapidly changing needs of growing companies, especially in the Oil and Gas Services sector,” stated Duane Donner, Managing Partner of Founders Investment Banking. “As a relatively young but rapidly growing entrepreneurial company, Go-Coil is long on opportunity but requires a high level of personal attention to accommodate their specific business needs based on where they are in their business lifecycle. Our ability to be nimble and move quickly given the rather challenging credit markets, was key to the success of this financing. Our understanding and familiarity with this industry sector along with our deep knowledge and relationships in the capital markets, allowed us to get up to speed very quickly, build a comprehensive financing packet, and bring to bear multiple term sheets at very good terms on an extremely tight timeline.”
“This round of funding comes at a critical time in Go-Coil’s young history. The capital solution that Founders provided will allow us to capitalize on current market opportunities to increase shareholder value in a significant way,” said Louie Richard, President and CEO of Go-Coil. “Founders worked very diligently and methodically to bring us a superior solution in a very timely manner. They definitely exceeded my expectations.”
Go-Coil, LLC is an oil and gas industry services company headquartered in South Louisiana that specializes in deep, high pressure coil tubing work and performs other related services including routing maintenance, deep water operations and extended reach lateral drillouts. The Company provides coiled tubing services for both remedial and new well completion programs for some of the largest and most active oil & gas producers in North America. The company was founded in 2008 and has nearly 100 employees.
Founders Investment Banking, LLC is an independent, middle-market capital advisory firm, headquartered in Birmingham, Alabama, that is dedicated to providing a comprehensive range of customized solutions for its clients, including merger and acquisition and corporate and strategic finance advisory services. In order to provide securities-related services, certain principals of Founders are licensed with Burch & Company, Inc., a registered broker-dealer. Burch and Founders are unaffiliated entities. For more information on our firm, please visit www.FoundersIB.com.