First Reserve Corporation
MediumFirm Overview
First Reserve Corporation is a private equity firm specializing in investments in the global energy sector, including traditional and renewable energy.
Founded in 1984, First Reserve Corporation is the oldest and largest private equity firm dedicated to the energy sector. The firm specializes in leveraged buyouts and growth capital investments, maintaining a significant presence with offices in Stamford, Houston, and London. Over its history, it has raised several multi-billion dollar funds, including First Reserve Fund XII which closed with approximately $8.9 billion in 2008.
The firm's investment focus spans the entire energy value chain, from traditional oil and gas to renewable energy sources. In 2008, it significantly expanded its renewable portfolio through the acquisition of Gamesa Solar and the formation of a European renewable energy group. The firm has played a pivotal role in the energy industry, including the establishment of major entities like Alpha Natural Resources.
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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