ThermaSource LLC Garners $41,500,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=54cd2e2e-2201-467b-b6ec-4ec620d4a90a&Preview=1
Date
8/12/2008
Company Name
ThermaSource LLC
Mailing Address
3883 Airway Dr. Santa Rosa, CA 95403
Company Description
ThermaSource, LLC (TSL) provides the geothermal industry with two vitally needed services: First, we provide an engineering consulting service which has been our business mainstay since 1980. Secondly, we provide the industry with out fleet of drill rigs and experienced wells on geothermal projects in the western United States.
Website
http://www.thermasource.com
Transaction Type
Venture Equity
Transaction Amount
$41,500,000
Transaction Round
Undisclosed
Proceeds Purposes
ThermaSource is using these resources to finance the acquisition of geothermal drilling rigs and to develop the associated drilling services including engineering, mud-logging, cementing and exploration.
M&A Terms
Venture Investor
Rustic Canyon Partners
Venture Investor
Undisclosed