Stonehenge Growth Capital, LLC (“Stonehenge”), a leading provider of junior capital to high-growth small businesses, announced today that it provided a subordinated debt investment into Titus Group, Inc. (“Titus”), a leading distributor of pipes, valves and fittings (“PVF”) into the oil and gas industry. Stonehenge provided a mezzanine credit facility that will allow Titus to continue its strong growth.
Founded in 2015 and headquartered in Dallas, Texas, Titus provides PVF to retailers and large energy companies operating in the various oil and gas basins throughout the U.S. Additionally, Titus provides materials to the fire safety and industrial services industries. Titus strives the be the low cost PVF provider in the industry while also maintaining strong product quality, and serves as a strategic partner for its customers’ PVF needs.
Matt Malone, Director at Stonehenge, commented “Titus is an outstanding company with a unique approach to providing PVF to the energy markets. Its growth demonstrates the market’s need for their service and the Titus management’s great execution. We are excited to provide financing for the company to continue its growth path.”