Recent News

Pinecrest Completes Refinancing for TruEnergy Services

DALLAS, TX (April 30, 2020) – Pinecrest Capital Partners (“Pinecrest”), a premier merchant banking firm, is proud to announce that TruEnergy Services, LLC (“TruEnergy”) has completed a refinancing transaction with Cadence Bancorp (“Cadence”).

TruEnergy is a leading provider of energy contract brokerage, sales tax recovery, and infrastructure audit services to deregulated energy markets throughout the United States.

The successful completion of this transaction underscores Pinecrest’s commitment to supporting businesses in the middle market seeking durable financing relationships in support of ongoing operational excellence. “Cadence represented an ideal financing partner for TruEnergy in this transaction with their suite of commercial financing options and we look forward to this partnership accelerating the realization of TruEnergy’s vision for the space,” said Bobby Renkes, Managing Director for Pinecrest.

Libby Sparks Willis Starnes acted as legal counsel for TruEnergy, and Baker Tilly provided accounting
services.

About Pinecrest Capital Partners:
Pinecrest Capital Partners is a premier investment banking & merchant banking firm based in Dallas, Texas that offers exclusive advisory services to middle market companies with enterprise values typically ranging from $25 million to $500 million. Pinecrest’s team of highly experienced professionals operates across a variety of industries and is an expert in managing transaction processes. By focusing on high-touch advisory and one-stop solutions, Pinecrest works to position clients with the goal of maximizing transaction outcomes and realizing the full value of their companies. For more information about Pinecrest Capital Partners visit
www.pinecrestcap.com.

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