Wellpro Group Limited, well intervention specialist, has secured funding from leading alternative lender to mid-sized businesses, ThinCats, with capex and growth loan facilities.
Operations cover fishing, milling and severance along with a wide range of inflatable technology solutions suited for open-hole and cased-hole applications. Wellpro also provides bespoke tool and element design coupled with engineering and manufacturing capabilities.
The company who are expanding their presence to new international markets in the Middle East and Asia was introduced to ThinCats by Bridge and York Capital Partners, specialist funding advisors in the energy and offshore sectors.
Kenny Hughes, Regional Business Development Director and Michael Cox, Credit Partner, led the ThinCats team. Pinsent Masons provided legal advice to ThinCats.
Kenny Hughes, Director, Regional Business Development, ThinCats: “The level of knowledge and experience the senior management team have at Wellpro is highly impressive. We have funded a number of oil and gas businesses in recent years and it has been a pleasure to work alongside Jim and the team to support them through this funding process towards the next phase of their international growth plans.”
We have ambitious international growth plans for the business, and at a time when demand for our quality products and services is increasing, the funding allows us to meet the global market demand. Receiving funding from ThinCats when the world is in great economic unrest is a clear indication of the confidence in our business to deliver.
Jim Thomson, CEO, Wellpro Group