February 2008

McKenna Gale provided a subordinated loan to assist Clairvest Group Inc. and Clairvest Equity Partners III Limited Partnership with their recapitalization of Light Tower Rentals (LTR). In addition to the subordinated loan, McKenna Gale provided a minority common equity investment.

Headquartered in Odessa, Texas and with operations throughout New Mexico and Texas, LTR rents support equipment used at drilling worksites by oil and gas exploration and production companies. This includes electric power generators, light towers, frac and back flow tanks, trailers and a host of other related equipment. LTR is the regional leader in the support equipment segment and continues to seek growth opportunities.

McKenna Gale was chosen by Clairvest because it offered an optimal blend of subordinated debt and equity to position LTR for future growth as well as a high degree of closing surety.

For more information on McKenna Gale's investment in LTR click here.