Energy Capital Partners

Insights

Dec 19, 2014

Wheelabrator Technologies Inc. today announced the close of its $1.94 billion acquisition by Energy Capital Partners from Waste Management. A definitive agreement for the sale was previously announced July 29, 2014.

Nov 07, 2014

Southcross Holdings LP (“Holdings”) announced today the completion of a $210 million preferred equity commitment from Energy Capital Partners Mezzanine Opportunities Fund and GE Energy Financial Services. Holdings owns 100% of Southcross Energy Partners GP, LLC, the general partner of Southcross Energy Partners, L.P. (NYSE:SXE) (“Southcross”), limited partner interests in Southcross, and several Eagle Ford based midstream assets.

Oct 08, 2014

USD Partners LP (“USDP” or the “Partnership”) announced today the pricing of its initial public offering of 9,120,000 common units representing limited partner interests at $17.00 per common unit.

Sep 22, 2014

USD Group LLC and its affiliates (“USDG” or the “Company”) announced today the successful closing of a partnership with Energy Capital Partners (“ECP”), an energy infrastructure-focused private equity firm with over $13 billion in capital commitments.

Sep 04, 2014

Summit Midstream Partners, LP (NYSE: SMLP) today announced the pricing of an underwritten public offering of 4,347,826 common units representing limited partner interests owned by Summit Midstream Partners Holdings, LLC (“SMP Holdings”), a wholly owned direct subsidiary of SMLP’s sponsor, Summit Midstream Partners, LLC, at a public offering price of $53.88 per common unit.

Jul 29, 2014

Waste Management, Inc. (NYSE:WM) has agreed to sell Wheelabrator Technologies, Inc. (“WTI”) to an affiliate of Energy Capital Partners (“ECP”) for $1.94 billion in cash.

Jul 18, 2014

Energy Capital Partners Mezzanine Opportunities Fund announced today the completion of a $160 million investment commitment to Furie Operating Alaska, LLC (“Furie”), a growth-oriented independent oil & gas company.

Jun 02, 2014

Summit Midstream Partners, LLC (“Summit Investments”), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP), and MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest”) announced today that a subsidiary of Summit Investments has exercised its option to acquire a 40.0% equity interest in Ohio Gathering Company, L.L.C. and Ohio Condensate Company, L.L.C. (together, “Ohio Gathering”) from affiliates of MarkWest and The Energy & Minerals Group (“EMG”).

May 06, 2014

PLH Group, Inc. ("PLH"), a portfolio company of private equity firm Energy Capital Partners, today announced its acquisition of R.B. Hinkle Construction, Inc. ("R.B. Hinkle").

Apr 07, 2014

Energy Capital Partners announced the final closing of Energy Capital Partners III, LP (“Fund III”) at $5.05 billion in commitments, surpassing the Fund’s $3.5 billion target.

Mar 17, 2014

BP Midstream Partners LP (“BP Midstream Partners” or the “Partnership”), a limited partnership formed by an indirect, wholly-owned subsidiary of BP p.l.c., announced the pricing of its initial public offering of 42,500,000 common units representing limited partner interests at $18.00 per common unit.

Jan 28, 2014

Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP), announced today that it has closed the acquisition of equity interests in Ohio Gathering Company, L.L.C. and Ohio Condensate Company, L.L.C. (together, "Ohio Gathering") from Blackhawk Midstream, LLC ("Blackhawk"), a joint venture between Gulfport Energy Corporation ("Gulfport") and Wexford Capital LP.

Dec 31, 2013

Energy Capital Partners has signed a definitive agreement to acquire NESCO from Platinum Equity, a Los Angeles, CA based private equity firm. Terms of the agreement were not disclosed. The sale is expected to close during the first quarter of 2014.

Dec 19, 2013

Summit Midstream Partners, LLC (“Summit Investments”), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP), announced today that it has executed a definitive agreement with Blackhawk Midstream, LLC (“Blackhawk”), to acquire its equity interest in two entities, Ohio Gathering Company, L.L.C. and Ohio Condensate Company, L.L.C. (together, “Ohio Gathering”).

Dec 18, 2013

Energy Capital Partners today announced it closed on the acquisition of the 444 MW Richland power generation facility located in Defiance, Ohio and the nearby 20 MW Stryker power generation facility located in Stryker, Ohio.

Nov 07, 2013

Rimrock Midstream, LLC (“Rimrock”), a growth-oriented midstream company, announced today completion of its acquisition of the El Dorado Storage Terminal from a subsidiary of Enbridge Energy Partners, L.P.

Jun 05, 2013

Summit Midstream Partners, LP (NYSE: SMLP) today announced two separate acquisitions of unrelated natural gas gathering systems totaling $460 million in the Bakken and Marcellus shale plays. The transactions will be financed under SMLP’s recently upsized $600 million revolving credit facility and the issuance of $150 million of common units and general partner interests in SMLP to wholly-owned subsidiaries of Summit Midstream Partners, LLC (“Summit Investments”).

May 24, 2013

EnergySolutions, Inc. (NYSE - ES) and affiliates of Energy Capital Partners II, LLC (“Energy Capital Partners”) announced today the closing of their merger effective May 24, 2013.

Apr 17, 2013

PLH Group, Inc. (“PLH”), a portfolio company of private equity firm Energy Capital Partners, today announced its acquisition of Pipeworx Ltd. (“Pipeworx”), a leading pipeline contractor in Western Canada.

Mar 11, 2013

Dominion (NYSE: D) announced today that it has signed a purchase and sale agreement for three merchant generation power stations with a subsidiary of funds controlled by Energy Capital Partners, a private equity firm with offices in Short Hills, N.J., and San Diego, Calif. The sale is exptected to close in the second quarter of 2013.

Feb 21, 2013

Energy Capital today announced the final close of Energy Capital Partners Mezzanine Opportunities Fund, LP at $805 million in total commitments, which significantly exceeds the $500 million target. The Fund, which already has made two investments, was formed in response to the strong flow of attractive debt and preferred equity opportunities seen in the normal course of deal screening for the firm’s private equity vehicles.

Feb 19, 2013

Summit Midstream Partners, LLC (“Summit Investments”) announced today that it closed the previously announced acquisition of Bear Tracker Energy, LLC on February 15, 2013. Summit Investments owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP) as well as a 69.1% limited partner interest in SMLP.

Jan 16, 2013

Sungevity®, Inc., a recognized leader in the global residential solar market, today announced the completion of a series of venture capital and project financings, securing up to $125 million to support the company's growth initiatives.

Jan 09, 2013

Summit Midstream Partners, LLC (“Summit Investments”) announced today that it has executed a definitive agreement with affiliates of GSO Capital Partners LP and Bear Tracker Investments, LLC to acquire 100% of the equity interests of Bear Tracker Energy, LLC (“Bear Tracker”) for $513 million. Bear Tracker is a privately held midstream energy company with assets currently in service and under development in the Williston Basin in North Dakota, which includes the Bakken shale and Three Forks formation, and in the Denver-Julesburg (“DJ”) Basin in Colorado, which includes the Niobrara shale.

Jan 07, 2013

EnergySolutions, Inc. (NYSE - ES), a leader in nuclear commercial services, today announced that it has entered into a definitive acquisition agreement to be acquired by a subsidiary of Energy Capital Partners II, LLC (”Energy Capital” or “ECP") in a transaction with an enterprise value of $1.1 billion.