Basin Industries LLC | Stephens

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Basin Industries LLC

$33 Million 07/20/2022 Oilfield & Energy Infrastructure Services Complete
Private Companies
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Transaction Details

  • On July 20, 2022, Basin Industries LLC (the “Company”) closed on a new Asset-based Revolver & Senior Secured Term Loan, with aggregate commitments of $33 million
  • Basin Industries is a diversified industrial company that owns and operates businesses across the Energy and Industrial sectors
  • The new financing was raised across two of the Company’s business units:
  • Black Diamond Oilfield Rentals LLC rents and services drill pipe, landing strings, heavy-weight drill pipe, drill collars, blowout preventers, mud motors, measurement-while-drilling (MWD) tools, drilling jars, and other drilling-related tools and equipment
  • Basin Material Handling designs and manufactures custom packaging solutions for manual and automated material handling systems
  • Net proceeds were used to refinance existing debt and for general corporate purposes

About the company

Basin Industries LLC is a diversified industrial company that owns and operates businesses across the Energy and Industrial sectors. Basin is a privately-held subsidiary of Basin Holdings LLC, with over 300 employees and over 15 locations across the US, Canada, Mexico, Guyana, and the UAE. Its business units include: Wenzel Downhole Tools, Black Diamond Oilfield Rentals, Basin Precision Machining, Basin Material Handling and Basin Power Solutions. Learn more at

Sources: The Company.
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