First Reserve Corporation
MediumFirm Overview
First Reserve Corporation is a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector. Founded in 1984, it is the oldest and largest private equity fund dedicated to energy investments.
Founded in 1984, First Reserve Corporation is the oldest and largest private equity firm dedicated to investments in the energy sector. The firm operates out of offices in Stamford, Houston, and London, specializing in leveraged buyouts and growth capital. It has a long history of raising significant energy-focused funds, including its twelfth fund, First Reserve Fund XII LP, which raised approximately $8.9 billion in 2008.
The firm's investment focus spans the traditional energy sector, including coal and drilling companies, as well as renewable energy. In 2008, the firm expanded its renewable energy program through the acquisition of Gamesa Solar and the formation of a European renewable energy group. Notable historical transactions include the establishment of Alpha Natural Resources and major acquisitions such as Dresser-Rand and CHC Helicopter.
Leadership
Notable Investments
Historical and current deals referenced in public sources.
Portfolio Companies
| Company | Sector | Status | Website |
|---|---|---|---|
| AP4 | — | Current | — |
| Ascent Resources, LLC | — | Current | — |
| Blue Racer Midstream, LLC | — | Current | — |
| Dresser Utility Solutions, LLC | — | Current | — |
| Energy Transfer LP (Formerly Crestwood Equity Partners LP) | — | Current | — |
| Hoover Circular Solutions Ltd. | — | Current | — |
| IOG Resources | — | Current | — |
| Island Energy Services | — | Current | — |
| Lamons | — | Current | — |
| Lindsey Systems | — | Current | — |
| Palmdale Solutions | — | Current | — |
| Plains All American Pipeline, L.P. | — | Current | — |
| Refuel | — | Current | — |
| Texas American Resources Company II, LLC | — | Current | — |
| Trillium Flow Technologies | — | Current | — |
| Venterra Group Plc | — | Current | — |
| Vitesse Energy, Inc. | — | Current | — |
| Vitesse Energy, Inc. (Formerly Lucero Energy Corp.) | — | Current | — |
| WGI | — | Current | — |
Source: www.firstreserve.com/portfolio
Portfolio Web Readiness
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Sources
- Wikipedia Wikipedia/Wikidata · public reference
- Firm website Firm website · primary public source
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