Backcast Partners Announces Strategic Investment in Renegade Group

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(Backcast Partners, 20.Feb.2024) — Backcast Partners, a provider of debt and equity capital for both middle-market private equity and non-private equity owned companies, announced its most recent investment in support of Renegade Group, LLC‘s refinancing of its existing debt.

Renegade is a portfolio company of Corinthian Capital Partners. Renegade, established in 2006 and headquartered in Fort Worth, Texas, provides recurring maintenance, repair, and employment services for a diverse set of blue-chip energy customers. These services are essential for the ongoing production and distribution of oil, gas, LNG and electricity.

Ed Cerny, Managing Partner at Backcast, stated, “Our investment in Renegade reflects our confidence in the company’s robust business model, the competence, strong relationships and reputation of its management team, and its pivotal role within recurring components of the energy sector.”

Backcast was represented in the transaction by McGuireWoods LLP and Renegade was represented in the transaction by Latham & Watkins LLP.


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