Wexford, PA – Confluence Advisors, LLC (“Confluence”) is pleased to announce that Chrislynn Energy Services, Inc. (“Chrislynn” or the “Company”) has completed a shareholder recapitalization transaction. Based in Pittsburgh, PA, Chrislynn is a leading energy management consulting firm serving businesses throughout the United States.
Confluence served as exclusive financial advisor in the placement of a financing package which enabled Chrislynn to buyout certain shareholders, refinance existing indebtedness and generate additional liquidity for growth. Byline Bank provided the credit facilities. Confluence's experience in identifying the lender and running an expedited financing process resulted in a solution for the Company.