Houston, TX (Oct. 31, 2013) – Abaco Energy Technologies LLC (“Abaco”), today announced a $200 million commitment from energy private equity firm Riverstone Holdings LLC (“Riverstone”) to acquire, integrate and develop energy manufacturing and service businesses. Abaco is a newly-formed, private, Houston-based company led by Ken Babcock and Roger Rivet, the former CEO and CFO, respectively, of Titan Specialties, Ltd. (“Titan”) and International Logging, Inc. (“ILI”), two companies previously owned by Riverstone affiliated entities.
Abaco will focus primarily on manufacturing and services related to North American drilling, completion and production and associated …
Continue Reading...Houston and New York (Oct. 10, 2013) – Riverstone Holdings LLC (“Riverstone”) announced that it has committed to invest up to $300 million in Carrier Energy Partners, LLC (“Carrier”). With offices in Sugar Land, Texas, Carrier is focused on the acquisition and exploitation of upstream oil and gas assets. Its primary objective is to partner with select operators that are developing both unconventional and conventional reservoirs in North America.
Carrier is led by its President and CEO, Mark Clemans, a professional engineer with over 25 years of experience in technical and financial …
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