CHICAGO — GE Capital today announced it is providing a $50 million credit facility to Bird Electric Enterprises, LLC (Bird Electric), a leading electrical services provider. The facility will be used for general working capital and to support a majority investment by 188.8.131.52, a private investment and acquisition firm.
Bird Electric is headquartered in Eastland, TX with additional facilities in Midland, Pecos and Snyder, Texas, as well as Hobbs and Carlsbad. The company specializes in providing low, medium and high voltage electrical services to major oil, gas and power companies operating across the Permian Basin in western Texas and southeastern New Mexico. Services include the design, construction, maintenance and restoration of power transmission and distribution infrastructure.
“GE Capital provided us with a flexible capital structure to fund our growth,” said Brian Bird, founder & CEO of Bird Electric. “GE understood our business goals and constructed a custom solution to help us achieve them, which ultimately benefits our customers.”