Eldridge Capital Management Closes $350 Million Lease Facility With ProPetro Subsidiary PROPWR
By Amit Chowdhry ● Feb 23, 2026
Eldridge Capital Management has closed a $350 million lease facility with PROPWR, the power generation solutions division of ProPetro Holding. PROPWR, formally known as ProPetro Energy Solutions, LLC, will use the facility to access growth capital for the acquisition of new power generation equipment supporting its commercial pipeline across oilfield, industrial, and datacenter sectors.