In September 2022, LineStar Integrity Services, via its financial sponsor First Reserve, acquired C&M Regulatory Pipeline Consultants for an undisclosed sum. C&M Regulatory Pipeline Consultants provides energy consulting services committed to helping operators navigate the complexities of federal and state regulations
In June 2022, Venterra Group, via its financial sponsor First Reserve, acquired Partrac, a provider of critical data & advisory catering to the offshore wind, ports and marine construction sectors
In May 2022, The Goldfield Corporation acquired Valiant Energy Services via its financial sponsor First Reserve for an undisclosed amount. Valiant Energy Services is a provider of construction services intended to serve the power, substation, transmission, distribution, and eco power sectors
In May 2022, GridTek Utility Services, via its financial sponsor First Reserve, acquired American Power, a subsidiary of Clark Construction Group, for an undisclosed amount. American Power provides power transmission and distribution intended to serve investor-owned utility companies in Arizona and New Mexico
In February 2022, Venterra Group, a wind energy services company received $31.06 million of development capital from First Reserve and other investors
In December 2020, The Goldfield Corporation, an energy infrastructure company was acquired by First Reserve through an estimated $194 million public-to-private LBO. Citizens Bank, Sumitomo Mitsui banking provided $125 million debt financing in the form of a $25 million revolving credit line and a $100 million term loan B in support of this transaction
In July 2019, First Reserve acquired Trillium Flow Technologies (“Trillium”), formerly Weir Flow Control (“WFC”), from The Weir Group PLC (“Weir”). Trillium Flow Technologies is a global designer, manufacturer and aftermarket services provider of engineered valves and pumps used in energy and broader industrial applications
In November 2018, First Reserve acquired Dominion Energy’s 50% interest in Blue Racer Midstream, LLC. The investment was partly funded by equity from First Reserve Fund XIII and investment funds affiliated with First Reserve. Blue Racer was a joint venture formed in December 2012 by Dominion and Caiman Energy II, LLC (“Caiman II”) to own, operate, develop and acquire midstream assets
In October 2018, First Reserve acquired Dresser Natural Gas Solutions from Baker Hughes, a GE Co. Dresser NGS makes natural-gas meters and pipeline-repair equipment
