First Reserve Corporation

First Reserve Appoints Todd Tomlin as Managing Director and Co-Head of Capital Formation

Retrieved on:

Tuesday, February 20, 2024

Energy, Growth, Capital formation, Donaldson, Lufkin & Jenrette, First Reserve Corporation, Investment, Financial services

STAMFORD, Conn. and HOUSTON, Feb. 20, 2024 /PRNewswire/ -- First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and general industrial end-markets, today announced that Todd Tomlin has joined the firm as Managing Director. He will serve as Co-Head of Capital Formation alongside Ed Bialas, Managing Director and Co-Head of Capital Formation.

Key Points:

He will serve as Co-Head of Capital Formation alongside Ed Bialas, Managing Director and Co-Head of Capital Formation.
In this role, he will help lead the firm's ongoing fundraising and investor engagement efforts across private equity and real assets strategies.
His leadership and capital raising expertise across middle-market, sustainability-focused energy, and industrial strategies are a natural fit for First Reserve, and will make Todd a valuable addition to our team."
I am excited to partner with Todd to drive further momentum and growth across our investment strategies," said Ed Bialas.

Liberty Hall Capital Partners Announces Promotions in Investment Team

Retrieved on:

Wednesday, January 31, 2024

Bromford Group, Growth, Energy, First Reserve Corporation, Partner (business rank), Investment, Capital formation, Commerce, University, Partner, Simmons & Company International, Equipment

CHARLESTON, S.C., Jan. 31, 2024 /PRNewswire/ -- Liberty Hall Capital Partners ("Liberty Hall"), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the promotions of James C. Black to Partner and Matt G. Seely to Vice President.

Key Points:

CHARLESTON, S.C., Jan. 31, 2024 /PRNewswire/ -- Liberty Hall Capital Partners ("Liberty Hall"), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the promotions of James C. Black to Partner and Matt G. Seely to Vice President.
Mr. Black currently leads Liberty Hall's deal team for Comply365, LLC and co-leads the firm's deal team for Accurus Aerospace Corporation.
He joined Liberty Hall in 2014 from Citigroup where he began his career as an Analyst in the Global Industrials group.
Liberty Hall's expanding team has grown to 24 professionals with over 750 years of collective aerospace and defense industry investment and operating experience, including investment professionals, finance and operations team members and Operating Advisors.

CHA Consulting Announces Sale from First Reserve to H.I.G. Capital

Retrieved on:

Tuesday, January 23, 2024

CHA, First Reserve Corporation, Partnership, Government, Water resources, Water, H.I.G. Capital, Transport, Ropes & Gray, Engineering, Education, AEC, Growth, Management

ALBANY, N.Y., Jan. 23, 2024 /PRNewswire/ -- CHA Consulting, Inc. (CHA), an innovative, full-service engineering, design, consulting, and program management firm, today announced that it has been acquired by H.I.G. Capital (H.I.G.), a leading global alternative investment firm with $60 billion of capital under management, from First Reserve. Financial terms of the transaction were not disclosed.

Key Points:

ALBANY, N.Y., Jan. 23, 2024 /PRNewswire/ -- CHA Consulting, Inc. (CHA), an innovative, full-service engineering, design, consulting, and program management firm, today announced that it has been acquired by H.I.G.
), a leading global alternative investment firm with $60 billion of capital under management, from First Reserve.
Going forward, CHA Consulting & Holdings President & CEO Jim Stephenson and the existing executive management team will continue to lead the company's next phase of growth.
Houlihan Lokey, Inc. served as lead financial advisor with support from AEC Advisors, and Simpson Thatcher & Bartlett LLP served as legal counsel for CHA.

FIRST RESERVE ANNOUNCES PROMOTION

Retrieved on:

Monday, January 8, 2024

UBS, Partnership, Master of Accountancy, University, First Reserve Corporation, USS Lamons, Growth, Investment, Entrepreneurship, Financial services

STAMFORD, Conn. and HOUSTON, Jan. 8, 2024 /PRNewswire/ -- First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and general industrial end-markets, today announced the promotion of Thomas Amburgey to Managing Director, effective January 1, 2024.

Key Points:

STAMFORD, Conn. and HOUSTON, Jan. 8, 2024 /PRNewswire/ -- First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and general industrial end-markets, today announced the promotion of Thomas Amburgey to Managing Director, effective January 1, 2024.
Prior to joining First Reserve, Thomas worked as an analyst in the Financial Sponsors and Leveraged Finance division at UBS Investment Bank.
Alex Krueger, President and CEO of First Reserve, stated, "At First Reserve, our success investing across the diversified energy, utility, and industrial end-markets is driven by the quality and expertise of our team.
On behalf of First Reserve's senior leadership, I am pleased to congratulate him on his promotion, and am confident he will continue to play a key role in our long-term growth and success as a firm."

Brightwood Capital Advisors Expands Credit Facilities with USA DeBusk LLC to Support Add-On Acquisition of Nitro-Lift

Retrieved on:

Thursday, December 14, 2023

Professional Services, Chemicals, Plastics, Other Energy, Manufacturing, Energy, Finance, USAD, Acquisition, Creativity, Nitrogen, Canyon Capital Advisors, Partnership, First Reserve Corporation, L.L.C

Brightwood Capital Advisors, LLC, a leading private credit firm, announced that it has provided financing to support USA DeBusk’s (“The Company” or “USAD”) add-on acquisition of Nitro Lift Technologies, L.L.C., Nitro-Lift Fabrication LLC, and Nitro-Chem Solutions LLC (collectively “Nitro-Lift”).

Key Points:

Brightwood Capital Advisors, LLC, a leading private credit firm, announced that it has provided financing to support USA DeBusk’s (“The Company” or “USAD”) add-on acquisition of Nitro Lift Technologies, L.L.C., Nitro-Lift Fabrication LLC, and Nitro-Chem Solutions LLC (collectively “Nitro-Lift”).
This financing follows a strategic expansion of USAD’s credit facility earlier this year, arranged by Brightwood in July of 2023.
Founded in 2006, Nitro-Lift is a Native American-owned, vertically integrated energy service provider specializing in nitrogen, fabrication, and chemical services.
“We are confident their support will help advance USAD’s growth initiatives, and we look forward to being a part of the Company’s future success.”

FIRST RESERVE ANNOUNCES TWO PROMOTIONS

Retrieved on:

Monday, July 10, 2023

Integrated services, Partnership, First Reserve Corporation, FR, University of Texas at Austin, Southern Methodist University, Entrepreneurship, University, Citigroup, ExxonMobil, Methodist University, Barclays, Cryptocurrency

Nick Lednicky joined First Reserve in 2019.

Key Points:

Nick Lednicky joined First Reserve in 2019.
Prior to joining First Reserve, he was an Investment Banking Analyst at Barclays.
Prior to joining First Reserve, he worked as a Financial Analyst at ExxonMobil Corporation and was most recently an Investment Banking Analyst at Citigroup.
Alex Krueger, President and CEO of First Reserve, stated, "At First Reserve, we are committed to developing a strong group of investment professionals internally with deep experience across the energy, infrastructure, and industrial markets.

FIRST RESERVE ANNOUNCES TWO PROMOTIONS

Retrieved on:

Wednesday, January 11, 2023

Credit Suisse, Delft University of Technology, First Reserve Corporation, Technical, Partnership, SLB, BP, Guggenheim Partners, Texas A&M University, Investment, University, Master of Science, FR, Entrepreneurship

As Managing Director, Paul will continue to drive investments in both private equity and real assets.

Key Points:

As Managing Director, Paul will continue to drive investments in both private equity and real assets.
Prior to joining First Reserve, Paul worked as an Analyst in the Investment Banking Division, Global Energy Group, at Credit Suisse.
Carolina Sierra joined First Reserve in 2019 and is an integral member of the team focused on the firm's real asset investment strategies.
Prior to joining First Reserve, she held positions at Guggenheim Partners, BP and SLB.

Hoover CS Announces Sustainability-Linked Financing with Riverstone Credit Partners

Retrieved on:

Thursday, December 1, 2022

Hoover CS, a leading provider of sustainable packaging and fleet management solutions, announced today that it has closed on a $160 million sustainability-linked senior secured term loan with Riverstone Credit Partners L.P. (Riverstone Credit Partners), a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (Riverstone).

Key Points:

Hoover CS, a leading provider of sustainable packaging and fleet management solutions, announced today that it has closed on a $160 million sustainability-linked senior secured term loan with Riverstone Credit Partners L.P. (Riverstone Credit Partners), a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (Riverstone).
Riverstone Credit Partners commitment of capital to Hoover CS recognizes the opportunity and importance of our mission to provide sustainable, innovative solutions that deliver attractive economics to our customers, said Kevin Friar, CEO, Hoover CS.
Riverstone has been a great partner to Hoover CS in the past, and this financing further aligns with our anticipated continued growth.
Founded in 2000, Riverstone is an investment firm focused on executing private equity and credit investments in energy, power, decarbonization and infrastructure.

IOG Resources II Announces Acquisition

Retrieved on:

Tuesday, November 22, 2022

Energy, Professional Services, Oil, Gas, Finance, Investment, First Reserve Corporation, Asset, NYSE, National Fuel Gas, Acquisition, NFG, Kirkland & Ellis, IOG, McKean

IOG Resources II, LLC (IOGR II) today announced that it has acquired producing gas assets (the Assets) in Appalachia operated by Seneca Resources, an affiliate of National Fuel Gas (NYSE: NFG).

Key Points:

IOG Resources II, LLC (IOGR II) today announced that it has acquired producing gas assets (the Assets) in Appalachia operated by Seneca Resources, an affiliate of National Fuel Gas (NYSE: NFG).
The acquisition represents the initial investment for IOGR II, the successor platform to IOG Resources, LLC.
Following the transaction, the IOG Resources platform includes 13 discrete investments across 6 core basins in the US.
IOG Resources, LLC and IOG Resources II, LLC are Dallas, Texas-based energy investment platforms sponsored by First Reserve.

Appian appoints Antti Grönlund as Managing Director, Private Equity

Retrieved on:

Monday, October 10, 2022

Antti will be a Managing Director at the Company, heading Appian's finance team and helping oversee private equity investments across the business

Key Points:

Antti will be a Managing Director at the Company, heading Appian's finance team and helping oversee private equity investments across the business
Formerly a longstanding executive with experience in transactions, direct private equity investment as well as a focus on natural resources and energy
LONDON, Oct. 10, 2022 /PRNewswire/ -- Appian Capital Advisory LLP ("Appian" or the "Company"), the investment advisor to long-term value-focused private equity funds that invest solely in mining and mining-related companies, today announces the appointment of Antti Grnlund as Managing Director, Private Equity.
With 18 years of transaction experience, and a decade focused particularly on energy and natural resources, Antti is well-positioned to support Appian as it continues to consolidate its market-leading position in mining private equity.
Prior to his current role, Antti spent three years as Head of Energy & Resources at Triton Partners, a private equity investor.
Antti Grnlund, Managing Director, Private Equity at Appian, said: "I am delighted to join Appian.