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Case Studies

ESP Petrochemicals


Shutterstock 1183610326


  • Found­ed in 2007, ESP Petro­chem­i­cals (the Com­pa­ny”) pro­duced and dis­trib­uted spe­cial­ty fit-for-pur­pose chem­i­cal blends for E&P com­pa­nies pri­mar­i­ly in Texas and Louisiana Gulf Coast region
  • Strong finan­cial growth from 2008 to 2014 with rev­enue peak­ing at $18 MM
  • Due to the mar­ket down­turn, the Com­pa­ny filed for Chap­ter 11 in March 2016 with neg­a­tive EBITDA


  • Chi­ron arranged a Debtor in Pos­ses­sion (DIP) loan
  • Chi­ron arranged an asset sale via sec­tion 363
ESP Petrochemicals

The Challenge

The Company filed for Chapter 11 in March 2016 with negative EBITDA.

The Chiron Solution

Chiron arranged a Debtor in Possession (DIP) loan.

The Result

Chiron arranged an asset sale via section 363.

Is your com­pa­ny per­form­ing like it should?