Advantage Capital Partners

Advantage Capital Partners is a United States‑based venture capital firm that provides growth equity, debt, and mezzanine financing to small and mid‑market companies, with a focus on underserved communities and state and local economic development. The firm invests across sectors including manufacturing, technology, business services, life sciences, and energy, and also supports real estate development projects with equity and debt. It typically makes initial investments ranging roughly from half a million to ten million in companies with modest sales, and may participate in larger follow‑on rounds or co‑invest with other firms. It uses senior debt, mezzanine debt, subordinated loans, and government‑guaranteed lending, and often pursues equity positions through preferred shares or convertible notes. Advantage Capital operates nationwide in the United States, with roots in New Orleans and offices in multiple states, and has backed thousands of jobs and housing projects as part of its mission to expand inclusive economic growth.

Al Alvarez

Director

Brian Anderson

Managing Director

Michael Benson

Senior Vice President

Bitting, Thomas H.P.

Principal

Adam Constantinides

Senior Vice President

Past deals in Oilfield Services

Exum Instruments

Series A in 2023
Exum is a developer of scientific instruments and software ecosystems aimed at enhancing the speed of development and discovery in research. The company specializes in mass spectrometry, which transforms rock and fluid analysis for resource play research, allowing scientists to conduct studies more efficiently and cost-effectively. By providing easy access to high-performance tools, Exum supports the scientific community in achieving its research goals with reduced financial burdens.

The Bayou Companies

Debt Financing in 2021
The Bayou Companies specializes in supplying pipe coating products and services to the oil and gas industry. Their comprehensive offerings include anti-corrosion coatings, concrete weight coatings, thermal wet insulation, internal (ID) and flow coatings, along with specialized services such as bends and custom coating for both onshore and offshore pipelines, and field joint coating solutions.

CiDRA

Debt Financing in 2019
CiDRA Holdings LLC is a provider of innovative instrumentation solutions focused on measurement, monitoring, and control applications across various industries. Founded in 1996 and headquartered in Wallingford, Connecticut, the company specializes in flow and entrained air measurement, as well as grind management products. CiDRA is recognized for its patented SONARtrac® flow technology, which offers a unique approach to measuring flow in challenging slurry applications, particularly within the energy and natural resource sectors. The company's offerings are designed to deliver real-time process monitoring, enabling clients to enhance process efficiency, maximize recovery, and reduce operational costs. CiDRA serves a diverse range of industries, including minerals processing, oil sands, power generation, dredging, and water/wastewater, with a growing international presence and a customer base exceeding 250 across 21 countries.

Ability Engineering Technology

Debt Financing in 2017
AET is an engineering, design, and manufacturing company that focuses on providing engineered, cryogenic, and process equipment and precision-machined parts for application within the energy, industrial, and scientific market segments. It specializes in the design of customized vessels and piping assemblies used in a variety of temperature and pressure ranges, which includes cryogenic applications. Furthermore, as a fully certified ASME Code Section VIII Division 1 facility, the company has only ASME-certified welders. In addition to providing quality product and workmanship throughout the process, AET includes a full document package with each shipment. A sample of AET’s document package structure can be provided upon request. The majority of the company's solutions are used throughout the liquid-gas supply chain for the purification, liquefaction, distribution, storage, and end-use of gases and hydrocarbons. This includes cryogenic transfer, storage, and processing such as vacuum insulated piping, dewars, valve boxes, and expansion cans. In addition to vessels and cryogenic equipment, AET designs and manufacture precision-machined and water-jet cut parts. It is founded in South Holland, Illinois.

Burkhalter Rigging

Debt Financing in 2016
Burkhalter Rigging, founded in 1973 by Leon Burkhalter and later expanded by his son Delynn, is a family-owned company specializing in heavy lifting, rigging, and transportation services. Originally established as Crane Service, Inc. in Columbus, Mississippi, the company rebranded to Burkhalter Rigging, Inc. in 1984 and has since grown into a significant player in the engineered heavy lift and super heavy transport sectors, serving clients across North and South America. With depot yards in Columbus and Houston, Texas, and sales offices throughout the United States, Burkhalter Rigging provides mission-critical shipments of large and heavy cargoes, crane rental, specialized transportation, and plant maintenance services. The company caters to various industries, including petrochemical, power, civil, and marine, focusing on safe and efficient transport solutions tailored to meet customer needs. Today, Burkhalter Rigging remains a third-generation family business, led by Delynn and his son Brooke.

Arch Energy Illinois

Debt Financing in 2015
Arch Energy Illinois is a central and southern Illinois-based oil development and extraction company. It negotiates directly with property owners before contracting with drilling companies to test reserve potential and install oil wells.

Fabrication Specialties of Arkansas

Debt Financing in 2015
Fabrication Specialties of Arkansas, Inc., founded in 1998 and based in Van Buren, Arkansas, is a metal fabrication and contract manufacturing company. It specializes in a wide range of services, including sheet metal fabrication, heavy industrial work, plasma cutting, machining, welding, forming, tube bending, powder coating, and assembly. The company caters to various industries, including construction, oil field, and food service, providing solutions that range from basic individual parts to fully assembled products. With a focus on quality workmanship and affordability, Fabrication Specialties of Arkansas serves a diverse clientele, ensuring that their manufacturing needs are met with precision and expertise.

Fabrication Specialties of Arkansas

Venture Round in 2015
Fabrication Specialties of Arkansas, Inc., founded in 1998 and based in Van Buren, Arkansas, is a metal fabrication and contract manufacturing company. It specializes in a wide range of services, including sheet metal fabrication, heavy industrial work, plasma cutting, machining, welding, forming, tube bending, powder coating, and assembly. The company caters to various industries, including construction, oil field, and food service, providing solutions that range from basic individual parts to fully assembled products. With a focus on quality workmanship and affordability, Fabrication Specialties of Arkansas serves a diverse clientele, ensuring that their manufacturing needs are met with precision and expertise.

Glori Energy

Series C in 2012
Glori Energy Inc is a development stage company focused on enhancing oil recovery from existing well reservoirs without the need for new drilling. The company collaborates with oil producers to implement its proprietary AEROTM (Activated Environment for Recovery of Oil) System, which aims to significantly boost oil production. This innovative system provides a low-cost and environmentally friendly solution for recovering billions of barrels of oil that were previously trapped, thereby facilitating a more sustainable approach to oil extraction.

Arch Energy Illinois

Debt Financing in 2011
Arch Energy Illinois is a central and southern Illinois-based oil development and extraction company. It negotiates directly with property owners before contracting with drilling companies to test reserve potential and install oil wells.

Corpay

Series E in 2009
Corpay is a corporate payments company that provides online payment solutions and a suite of modern payment programs for vehicle-related expenses, lodging, and other corporate payments. It operates closed-loop networks connecting merchants and supporting a range of acceptance locations in North America and Europe, while also leveraging third-party networks to deliver its services. The company offers issuing and processing capabilities and provides specialized information services, enabling customers to manage and pay expenses efficiently. Its platform uses artificial intelligence and machine learning to automate bill payments and synchronize with accounting tools. Corpay serves diverse industries, including commercial fleets, oil companies, and lodging providers, with geographic reach in the United States, Brazil, the United Kingdom, and additional regions. The company emphasizes data capture, analysis, and reporting to support financial operations for businesses.

Corpay

Venture Round in 2009
Corpay is a corporate payments company that provides online payment solutions and a suite of modern payment programs for vehicle-related expenses, lodging, and other corporate payments. It operates closed-loop networks connecting merchants and supporting a range of acceptance locations in North America and Europe, while also leveraging third-party networks to deliver its services. The company offers issuing and processing capabilities and provides specialized information services, enabling customers to manage and pay expenses efficiently. Its platform uses artificial intelligence and machine learning to automate bill payments and synchronize with accounting tools. Corpay serves diverse industries, including commercial fleets, oil companies, and lodging providers, with geographic reach in the United States, Brazil, the United Kingdom, and additional regions. The company emphasizes data capture, analysis, and reporting to support financial operations for businesses.

Quest Global Manufacturing

Venture Round in 2007
Aequs (formerly QuEST Global Manufacturing) specializes in precision machining, sheet metal fabrication, assembly, forging, and special processing for the aerospace, automotive, and oil & gas industries. Customers include Airbus, UTAS, Eaton, Baker Hughes, Halliburton, and Bosch. The Aequs manufacturing facilities are located in Bengaluru, Belagavi, and Houston. The Belagavi facilities are located in Aequs SEZ, India’s first precision engineering special economic zone. Aequs SEZ has developed into an integrated aerospace manufacturing ecosystem that houses several interrelated capabilities that are either unavailable in India or are difficult to come by in one location.

Corpay

Debt Financing in 2003
Corpay is a corporate payments company that provides online payment solutions and a suite of modern payment programs for vehicle-related expenses, lodging, and other corporate payments. It operates closed-loop networks connecting merchants and supporting a range of acceptance locations in North America and Europe, while also leveraging third-party networks to deliver its services. The company offers issuing and processing capabilities and provides specialized information services, enabling customers to manage and pay expenses efficiently. Its platform uses artificial intelligence and machine learning to automate bill payments and synchronize with accounting tools. Corpay serves diverse industries, including commercial fleets, oil companies, and lodging providers, with geographic reach in the United States, Brazil, the United Kingdom, and additional regions. The company emphasizes data capture, analysis, and reporting to support financial operations for businesses.

Corpay

Venture Round in 2002
Corpay is a corporate payments company that provides online payment solutions and a suite of modern payment programs for vehicle-related expenses, lodging, and other corporate payments. It operates closed-loop networks connecting merchants and supporting a range of acceptance locations in North America and Europe, while also leveraging third-party networks to deliver its services. The company offers issuing and processing capabilities and provides specialized information services, enabling customers to manage and pay expenses efficiently. Its platform uses artificial intelligence and machine learning to automate bill payments and synchronize with accounting tools. Corpay serves diverse industries, including commercial fleets, oil companies, and lodging providers, with geographic reach in the United States, Brazil, the United Kingdom, and additional regions. The company emphasizes data capture, analysis, and reporting to support financial operations for businesses.

Hornbeck Offshore Services

Venture Round in 2000
Hornbeck Offshore Services, Inc., headquartered in Covington, Louisiana, specializes in marine transportation and support services for the offshore oil and gas industry. The company operates a fleet of offshore supply vessels (OSVs) and multi-purpose support vessels (MPSVs), primarily serving clients in the United States Gulf of Mexico, Latin America, and other international markets. Hornbeck's vessels are designed to support complex activities such as deepwater exploration, field development, and well-stimulation, as well as provide logistics for offshore construction and maintenance operations. In addition to its vessel operations, the company offers vessel management services, which include crewing and daily operational management for other vessel owners. As of the end of 2019, Hornbeck Offshore managed a fleet of 66 OSVs and 8 MPSVs, demonstrating its capacity to meet the demanding logistics requirements of the offshore oil and gas sector.

Corpay

Venture Round in 1999
Corpay is a corporate payments company that provides online payment solutions and a suite of modern payment programs for vehicle-related expenses, lodging, and other corporate payments. It operates closed-loop networks connecting merchants and supporting a range of acceptance locations in North America and Europe, while also leveraging third-party networks to deliver its services. The company offers issuing and processing capabilities and provides specialized information services, enabling customers to manage and pay expenses efficiently. Its platform uses artificial intelligence and machine learning to automate bill payments and synchronize with accounting tools. Corpay serves diverse industries, including commercial fleets, oil companies, and lodging providers, with geographic reach in the United States, Brazil, the United Kingdom, and additional regions. The company emphasizes data capture, analysis, and reporting to support financial operations for businesses.

Nova Technology Corporation

Venture Round in 1997
NOVA Technology, as its name implies, provides innovative engineering solutions for reducing operator completion costs while enhancing production. This is accomplished with an array of services, including downhole Chemical Injection Systems (CIS); Continuous Reservoir Monitoring Systems (CRMS);and Multicontrol Line Installation Services (MLS). In addition, NOVA provides Downhole Corrosion Monitoring Systems (DCMS); Downhole Corrosion Engineering (DCE); Surface Chemical Injection Packages (SCIP); Quality Connection Services (QCS); Advanced Sealant Technology (AST) systems; and National Aerospace Standard (NAS) filtration services. For example, a deepwater completion requires a surface-controlled sub-surface safety valve (SCSSV) control line; downhole chemical injection tubing; and, in many cases, tubing encapsulated conductor for continuous reservoir monitoring. Generally, three separate suppliers provide these services. NOVA has the unique capability to cost effectively provide simultaneous multi-control line installation services to include sophisticated, real-time remote monitoring facilities with synergistic products and services (CRMS/CIS/MLS).

Nova Technology Corporation

Debt Financing in 1997
NOVA Technology, as its name implies, provides innovative engineering solutions for reducing operator completion costs while enhancing production. This is accomplished with an array of services, including downhole Chemical Injection Systems (CIS); Continuous Reservoir Monitoring Systems (CRMS);and Multicontrol Line Installation Services (MLS). In addition, NOVA provides Downhole Corrosion Monitoring Systems (DCMS); Downhole Corrosion Engineering (DCE); Surface Chemical Injection Packages (SCIP); Quality Connection Services (QCS); Advanced Sealant Technology (AST) systems; and National Aerospace Standard (NAS) filtration services. For example, a deepwater completion requires a surface-controlled sub-surface safety valve (SCSSV) control line; downhole chemical injection tubing; and, in many cases, tubing encapsulated conductor for continuous reservoir monitoring. Generally, three separate suppliers provide these services. NOVA has the unique capability to cost effectively provide simultaneous multi-control line installation services to include sophisticated, real-time remote monitoring facilities with synergistic products and services (CRMS/CIS/MLS).

OMNI Energy Services

Venture Round in 1996
OMNI Energy Services is an oilfield service company that specializes in providing a comprehensive range of services to geophysical companies, particularly in challenging and environmentally sensitive areas of the United States. Its primary focus is on the marsh, swamp, shallow water, and adjacent dry land regions along the Gulf Coast, particularly in Louisiana and Texas, where it is recognized as a leading provider of seismic drilling services. The company offers various services, including environmental solutions, fluid handling, wellsite maintenance, exploration support, and accommodations. Established in the mid-1980s, OMNI Energy Services has played a significant role in the acquisition of 3-D seismic data in the Transition Zone, having analyzed approximately 9,000 square miles in Louisiana by the end of 1996. As of 2012, it operates as a subsidiary of Gibson Energy Inc.

Petroleum Communications

Venture Round in 1995
Petroleum Communications develops telecommunication network solutions. It provides voice and data communication services for the offshore oil and gas industry. Petroleum Communications was founded in 1983.
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