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Ranger Offshore has secured financing from White Oak Global Advisors

Houston, TX – Ranger Offshore, Inc. (“Ranger” or the “Company”) has announced the successful closing of a senior secured credit facility with White Oak Global Advisors, LLC. FocalPoint Securities, LLC served as Ranger’s exclusive financial advisor on the transaction.

Ranger is a leading provider of sub-sea marine construction services support for the offshore oil and gas energy industries, primarily in the Northern and Southern Gulf of Mexico. With industry leading safety certifications, Ranger operates a fleet of six diving support vessels and two portable saturation diving systems. Headquartered in Houston, TX, Ranger supports field operations from facilities in New Iberia, Louisiana and Lafayette, Louisiana, in addition to new offices in Ciudad del Carmen, Mexico. Ranger Offshore, Inc. is a portfolio company of SunTx Capital Partners.

Ned Fleming, Founder and Managing Partner of SunTx Capital Partners, noted “We are proud of Ranger’s accomplishments and look forward to a continued partnership with the Company as it successfully executes its business plan. Today’s announcement highlights the strong working relationship between Ranger and FocalPoint, as the new credit facility will support the Company’s implementation of its strategic initiatives.”

“Tom Mills and the rest of the FocalPoint team did a fantastic job of sourcing capital and providing excellent execution services on this transaction”, commented Ranger’s Chief Financial Officer,Chris Guinta. “We are pleased to have established a strong working relationship with FocalPoint and we look forward to further interactions as we continue to grow.”

Thomas Mills, Managing Director at FocalPoint commented, “In spite of the recent market conditions, the management team at Ranger has done an incredible job positioning the company for growth. I have no doubt that Ranger will continue its ascent as the region’s leading provider of sub-sea construction services, and we are pleased to have aligned the Company with a strong financing partner such as White Oak.”

About SunTx Capital Partners
SunTx Capital Partners, LP, is a Dallas-based private equity firm that invests in middle market manufacturing, distribution and service companies. SunTx specializes in supporting talented management teams in industries where SunTx can apply is operational experience and financial expertise to build leading middle-market companies with operations typically in the Sun Belt region of the United States. SunTx was founded in 2001 and currently has over $600 million of assets under management. The capital committed by SunTx comes from the principals of SunTx as well as from institutional investors, including leading university endowments and corporate and public pension funds. More information about SunTx can be found at www.suntx.com.

About Ranger Offshore, Inc.
Ranger Offshore, Inc. provides sub-sea marine construction services support for the offshore oil and gas energy industries primarily in the Northern and Southern Gulf of Mexico. With industry leading safety certifications including ISO 9001, ISO 14001, OHSAS 18001 and ISO/TS 29001, Ranger operates a fleet of six diving support vessels and two portable saturation diving systems, one ABS classed and one DNV classed. Headquartered in Houston, TX, Ranger supports field operations from facilities in New Iberia, Louisiana and Lafayette, Louisiana, in addition to new offices in Ciudad del Carmen, Mexico. Ranger Offshore, Inc. is a portfolio company of SunTx Capital Partners.

About FocalPoint Securities, LLC
FocalPoint is an independent investment bank with offices in Los Angeles and Chicago, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings/work-outs. The firm’s primary focus is on middle-market companies. For more information, visit www.focalpointllc.com.

Please contact Thomas Mills with any questions about this transaction.