The Austin Business Journal and the Houston Business Journal both covered the SolvChem expanded senior credit facility this week — a transaction on which Westlake Securities served as exclusive financial advisor.

The transaction

Westlake Securities served as exclusive financial advisor to SolvChem, Inc. on an expanded senior credit facility provided by Amegy Bank, a division of Zions Bancorporation, N.A.

The expanded structure secures the capital SolvChem needs to fund new production capacity and support continued organic growth. SolvChem, headquartered in Pearland, Texas, is one of the state’s largest independent chemical distribution, blending, and packaging companies.

This marked Westlake’s second engagement with the SolvChem team.

Read the full transaction announcement.

The coverage: Austin Business Journal | Houston Business Journal 

Coverage in both markets in the same week is a reasonable proxy for where Texas middle-market activity is concentrated right now. The SolvChem facility was one of five Houston transactions Westlake closed within an eight-week stretch — a pace that reflects real demand from founder-owned companies for growth capital that doesn’t require selling the business.

Expanded credit facilities are often the quieter alternative to a recapitalization or a sale. When an owner needs capital for capacity and isn’t ready to give up equity, the right lender relationship and the right structure can fund the next phase without changing who owns the company. That’s the work our Capital Placements team does.

Jon D’Andrea, Managing Director, led the engagement for Westlake Securities.

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Westlake Securities is a middle-market investment bank based in Austin, Texas, working with founder-owned businesses on M&A, capital raises, and growth strategy since 2003.

If you’re considering a capital raise, recapitalization, or sale — whether that’s six months out or three years out — we’d welcome a confidential conversation. Start a conversation.