Monarch raises capital for expansion

By Keefe Borden30 June 2022

Monarch Resource Partners has recently raised both debt and equity financing to build a 100% electric drive gas compression fleet, the company announced.

The company’s equity offering was oversubscribed and anchored by Table Rock Group and Appareo Capital. Terms of the equity were not announced.

In January, Monarch closed on a senior credit facility with Woodforest National Bank to provide additional growth capital for the company. Monarch provides natural gas contract compression services with zero emission electric VFD drives.

Monarch was founded in February 2021 by President and CEO Brett Schubert, Vice President, Operations Randy Garcia and Vice President, Sales Kolten Kelley.

Monarch was founded in February 2021 by Brett Schubert – President and CEO, Randy Garcia – Vice President of Operations, and Kolten Kelley – Vice President of Sales.

“Our EcoFlex fleet provides customers with increased volumetric flexibility, superior reliability, and an ESG compression alternative that eliminates the greenhouse gas (GHG) emissions of a traditional gas-drive compression package,” said CEO Brett Schubert. “While we are excited about the technology we are offering, internally we remain focused on a vision of providing our team and customers consistent, exceptional service in a work environment that focuses on family, professional growth, and pride in the product and commitment to service we deliver.”

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Turboexpanders are key components to the energy transition
Called ‘secret sauce’ of liquefaction process
CECO sees opportunities as compression market evolves
Gas Compression remains its core business