Merrick Systems Secures Financing from Main Street Capital Corporation

Financial Advisor to Merrick is GulfStar Group

HOUSTON – JULY 21, 2010 – Merrick Systems, a market leader in industrial information technology for the oil and gas industry, is pleased to announce that it had obtained senior secured term debt financing from Main Street Capital Corporate. GulfStar Group served as financial advisor to Merrick for this transaction.

Established in 1989, Merrick provides industrial information technologies for the midstream and upstream oil and gas industry. Recognized for its industry expertise and innovative technologies, Merrick is committed to delivering best of breed solutions to improve oil and gas production and drilling operations,
helping companies extend oil and gas producing asset life, lower lifting costs, increase production and optimize operations. Headquartered in Houston, Texas, Merrick has established a global infrastructure to sell, implement and support its technologies around the world.

“We are very excited to partner with Main Street Capital. With increasing demand for our new technologies and rapid growth of our international operations, infusion of additional resources will help fund the continued growth of our business and maintain our position as an industry leader. Merrick is known for delivering innovative solutions to industry challenges and promoting forward‐thinking ideas. We look forward to continuing our innovative approach to growth with support and confidence from both
Main Street Capital and GulfStar.” stated Samina Farid, Chairman of Merrick.

Main Street is a principal investment firm that provides long‐term debt and equity capital to lower middle market companies. Main Street's investments are made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million.

GulfStar Group is a leading middle market investment and merchant bank headquartered in Houston, Texas. The firm specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, restructuring and turnaround advisory services and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $10 million to $250 million. Since its formation in 1990, GulfStar has completed more than 450 assignments across a variety of industries. Through its merchant banking affiliate the firm also makes equity and subordinated debt investments and serves as a transaction sponsor for acquisition‐oriented growth strategies.

Merrick Systems is an established market leader in industrial information technology for the oil and gas industry, providing software, electronics and professional services. Addressing production, engineering and asset tracking, Merrick’s integrated applications include real‐time surveillance and optimization; field operations management; field data capture; hydrocarbon production accounting; mobile computing for field and drilling operations and ruggedized RFID for drilling and asset management.

To learn more about Merrick Systems visit

Author: Hilla Barzilai‐Abileah
Category: graduate company