Eldridge Closes $375M Lease Facility to Power Atlas Energy’s Growth
Eldridge Capital Management announced the closing of a $375 million lease facility with Atlas Energy Solutions Inc. The facility will support Atlas’ acquisition of new behind-the-meter power generation assets. The leased assets will broaden and diversify Atlas’ power generation capabilities, building on a platform established through its 2025 acquisition of Moser Energy Systems.
Atlas is a leading solutions provider to the energy industry, with offerings spanning oilfield logistics, distributed power systems, and the largest proppant supply network in the Permian Basin.
“We have seen increasing calls for power and the grid’s inability to keep pace, and we believe this imbalance allows for a defensible market opportunity in behind-the-meter power-as-a-service,” said Kyle Parks, Managing Director at Eldridge Capital Management.
Eldridge’s relationship with Atlas has expanded throughout the years from nominal equipment financing to multiple recapitalizations together with material lease facilities accommodating various strategic and organic growth initiatives and acquisitions.
“Eldridge has been a key partner to Atlas since our very first equipment orders. Their ability to quickly assess opportunities and move nimbly to provide financing has been critical to our success,” said John Turner, CEO of Atlas.
Eldridge’s Diversified Credit Platform invests across a broad spectrum of asset-based credit, corporate credit, and structured credit. Eldridge’s asset-based credit strategy provides loans and leases secured by mission-critical, income-producing assets across a diverse set of industries and asset classes, including manufacturing, energy and power, maritime, chemicals, metals, technology, aircraft, and railcars.
Since 2015, Eldridge has originated over $17 billion of asset-based transactions and today operates the largest private, independent equipment finance platform in North America by both assets and origination volume as of 2026.