Austin, TX (May 7, 2014) – Wayne, A GE Business, and a global innovator of fuel dispensers and forecourt technologies, today announced that Riverstone Holdings LLC, an energy and power-focused private equity investment firm, has signed an agreement to acquire the Wayne business from GE. The transaction will enable Wayne to continue to provide world-class service and support to customers while pursuing the innovative technologies for which the company is known, including the Wayne Helix™ fuel dispenser and the Wayne Fusion™ forecourt system.
Riverstone, which previously owned a significant stake in Wayne …
Continue Reading...Denver, CO, Houston, TX and London, UK (March 13, 2014) – Rock Oil Holdings LLC (“Rock Oil” or the “Company”), a newly-formed, Denver and Houston-based oil and gas company today announced an equity commitment of up to $250 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”) and additional amounts from the Company’s management team. The Riverstone commitment comprises up to $167 million from Riverstone Global Energy and Power Fund V (“Fund V”) and up to $83 million from Riverstone Energy Limited (“REL”).
The Rock Oil management team
…Old Greenwich, CT (March 12, 2014) – Next Generation Energy Logistics, LLC (“NxGen”) has been formed by Perot Bissell, Michael Crosby, and Belinda Foxworth to pursue opportunities in the downstream energy logistics industry, including businesses involved in the distribution of diesel fuel, gasoline, CNG, LNG, bio-fuels, and industrial lubricants throughout North America. Mr. Bissell was one of the founding investors of Maxum Petroleum, Inc. and served as its CEO from 2006 until 2012. During his tenure, Maxum became of one the largest independent distributors of fuel and lubricants to commercial and industrial …
Continue Reading...Denver, CO and London, UK (Jan. 30, 2014) –Liberty Resources II LLC (“Liberty II” or the “Company”), a Denver-based oil and gas company, today announced that it has entered into an agreement to acquire oil and gas assets in North Dakota’s Williston Basin for $455 million. The properties to be acquired comprise approximately 53,000 net acres in Williams, Divide, Burke and McKenzie counties and over 4,000 boe/day of production from the Bakken and Three Forks formations, which Liberty II will continue to target as it furthers the development of the acquired …
Continue Reading...