Graycliff Partners Announces Credit Investment in Scruggs Company

Graycliff Partners LP announced it has completed a subordinated debt investment in support of Rox Capital’s acquisition of Neil Technical Services (“NTS”) and merger with Rox’s existing platform, Scruggs Company (together, “Scruggs NTS”). Rox Capital is a Dallas-based investment firm. 

Scruggs Company supplies valves and actuators to the municipal water and wastewater industries in Texas. NTS, also located in Texas, provides repair & maintenance services for pumps, motors and controls. The combination of Scruggs and NTS creates a leading regional pump, motors & valves service provider in the Houston market. Rox Capital will integrate the companies under one platform offering municipalities and operators a wealth of knowledge and experience under one umbrella. 

“We are excited to partner with Rox Capital and the Scruggs NTS team on this transaction, and we look forward to continuing to build on the success of both companies for many years to come,” said Troy Iskarpatyoti, Principal, Graycliff Partners.

“We have built a strong relationship with Graycliff and are excited for them to be our financing partner. Throughout the process, their team was thoughtful and flexible, and we’re excited about partnering with them to help drive the next stage of our growth,” said Al Cameron, Founder and Managing Partner, Rox Capital.