Brentwood-based WhiteHawk Capital Partners has entered into a $55 million asset-based credit facility with a Texas-based contract compression and aftermarket servicer as part of an effort to help kickstart its asset growth.

WhiteHawk, a private credit investment manager focused on asset-based financing solutions, said in a September 14 news release that it had finalized its agreement with CherCo, based out of Houston, Texas. WhiteHawk said CherCo would use the proceeds of the financing “for acquisitions of assets and service contracts, and to provide ongoing liquidity to execute on growth plans.”

CherCo is an energy infrastructure company focused on contract compression services serving midstream and upstream operators in Texas, Oklahoma, Louisiana and New Mexico, according to its website. In a statement accompanying the news release, CherCo Chief Executive Chet Erwin said the $55 million credit facility provided by WhiteHawk “is intended to allow CherCo to expand its contract compression services in the regions it services.”

“WhiteHawk has been a creative and value-add financing partner that enables the Company to seek to become a regional market leader for contract compression services from 50 to 1775 horsepower,” Erwin said in a statement.

In the announcement, WhiteHawk managing director Rob Chimenti said CherCo is “well positioned to execute in an attractive contract gas compression market with an excellent fleet of assets that are in high demand.”

September has proven to be a strong dealmaking month for WhiteHawk, as the CherCo news follows on the heels of a Sept. 7 funding announcement for the Portland-based online trading card hub PWCC Marketplace. Along with its affiliate companies, PWCC announced that it had established a $175 million asset-based credit facility led by WhiteHawk.