Merion Investment Partners provided subordinated debt and equity to support the purchase of ABUTEC Holdings (“ABUTEC”).
ABUTEC, an acronym for Advanced Burner Technologies, specializes in manufacturing high efficiency enclosed flares that reduce harmful emissions and meet regulatory standards. ABUTEC’s flares are highly engineered, providing environmental solutions for oil & gas drilling. ABUTEC is poised for rapid growth via the expanding regulatory requirements and the expanding oil & gas market resulting from increased drilling in regions such as the Bakken Shale.