Layton has completed a $135 million financing round for its portfolio company, oilfield service provider Platinum Energy Solutions (PES). California-based private investment firm, Clearlake Capital Group, led the financing.

Texas-based PES intends to use the proceeds from the transaction to fund working capital and purchase additional equipment. PES has also appointed Charles Moncla to lead Platinum Energy as its new CEO.

Click here for the release from PR Newswire.