News Articles:September 28, 2012
Brooks, Houghton Interim Funding
$3.5 Million Investment in Deepwater Corrosion Services, Inc.
September 28, 2012 - BHC invested $3.5 million investment in Deepwater Corrosion Services, Inc. in the form of a senior subordinated note. The proceeds will be used in a stock buyback transaction which will position the Company for future growth.

Deepwater Corrosion Services, Inc., located in Houston, TX, manufactures and installs highly engineered corrosion control solutions for the global offshore energy industry. The Company was founded in 1986 to provide corrosion engineering and inspection services for offshore oil and gas assets. Shortly after, Deepwater founder Jim Britton began to develop products to address common and preventable corrosion problems with applications expanding outside of the offshore market. The Company began manufacturing the I-Rod brand of pipe supports in 1987 and Polatrak brand of survey equipment in 1988 which have both become market-leading brands. Deepwater enjoys a diversified revenue stream from retrofits, engineering, inspection and monitoring services, and pipe supports. Deepwater's UK subsidiary services various North Sea rig and pipeline operators. The Company also has a significant Latin American presence.
Φ BHC Middle Market Funding, L.P. – Φ Brooks, Houghton & Company, Inc.
780 Third Avenue 35th Floor New York, NY 10017 Phone: (212) 753-1991 Fax: (212) 753-7730
263 Tresser Boulevard   Stamford, CT 06901 Phone: (203)-564-1979 Fax: (203)-564-1402

Website Developed by: Smart Interactive Media