Fundz

Hoover Cs Announces Sustainability-Linked Financing With Riverstone Credit Partners

RECENTLY ACQUIREDDec 01, 2022

Round Type

Funding Round

KatyOil And Gas

Investors

Riverstone Holdings LLCRiverstone Credit Partners L.P.

Description

Hoover CS, a leading provider of sustainable packaging and fleet management solutions, announced today that it has closed on a $160 million sustainability-linked senior secured term loan with Riverstone Credit Partners L.P. (“Riverstone Credit Partners”), a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”).

Quick answer

Hoover CS raised an undisclosed amount in a Funding Round round, dated December 1, 2022. Investors: Riverstone Holdings LLC and Riverstone Credit Partners L.P. Hoover CS is based in Katy, Texas, United States.

How much did Hoover CS raise?
Hoover CS raised an undisclosed amount in a Funding Round round on December 1, 2022.
Who invested in Hoover CS?
Riverstone Holdings LLC and Riverstone Credit Partners L.P. are named as investors in this round.
What does Hoover CS do?
Hoover CS, a First Reserve portfolio company, is paving the way for customers across the chemical, refining and general industrial-end markets to move away from single-use containers.
Where is Hoover CS based and how big is it?
Hoover CS is based in Katy, Texas, United States.

Source: Fundz verified event record.

Who else raised in Oil And Gas around the same time

Companies in the same sectors as Hoover CS that raised within 45 days of this round, from Fundz verified event records.

  • Hillcrest Energy Technologies raised $545K (Seed) on January 13, 2023.
  • Bristow Group raised an undisclosed amount (Funding Round) on January 11, 2023.
  • Woodford Horizontal Project 59 raised $496K (Seed) on January 11, 2023.
  • Green Energy Private Opportunity SPV raised $1.2M (Seed) on January 10, 2023.
  • DHT Holdings raised $305M (Funding Round) on January 9, 2023.
  • Lithos Energy raised an undisclosed amount on January 6, 2023.

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Company Information

Company

Hoover CS

Location

Katy, Texas, United States

About

Hoover CS, a First Reserve portfolio company, is paving the way for customers across the chemical, refining and general industrial-end markets to move away from single-use containers. Through its large rental fleet of reusable liquid and dry IBCs and ISO tanks, combined with integrity management and fleet management services, Hoover CS’s sustainable packaging solutions facilitate circularity across the supply chain, yielding an optimized environmental footprint through reduced plastic, water conservation, and lower greenhouse gas emissions. For more information, please visit www.hooversolutions.com.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.