Crestline Investors (“Crestline”) is excited to announce the close of a $45.0 million upsized credit facility to GridHawk LLC (“GridHawk”) to support the company’s continued growth. Founded in 2019, GridHawk is a premium provider of full-spectrum outsourced asset damage-prevention and mitigation services and solutions on behalf of utilities and other energy companies.
"GridHawk has demonstrated a proven track record of providing exceptional service in the non-discretionary and mission-critical nature of asset damage-prevention and mitigation services market. We are proud to partner with an industry leader and are excited to be a part of GridHawk’s continued growth," said Jake Friemel, Managing Director at Crestline.
"This partnership will provide capital and resources as we continue to accelerate our growing market presence, and additional flexibility to execute our strategic growth initiatives," said Paul Baugher, CEO of GridHawk. "With Crestline’s support, we aim to expand our platform while continuing to deliver safe, reliable, and mission-critical services to our utility partners and the communities they serve."
About Crestline Investors
Crestline Investors is a global alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $18 billion of credit assets under management (as of September 30, 2025) including its capital solutions, direct lending, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About GridHawk
Founded in 2019 and headquartered in Indiana, GridHawk provides full-spectrum outsourced asset damage-prevention and mitigation services and solutions with key services including utility locating, damage prevention, leak detection, facility mapping, and watch and protect services. For more information, visit https://www.gridhawk.com/.
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