First Reserve Corporation
MediumFirm Overview
First Reserve Corporation is a private equity firm that specializes in leveraged buyouts and growth capital investments exclusively within the energy sector.
First Reserve Corporation was founded in 1984 and holds the distinction of being the oldest and largest private equity firm dedicated to the energy sector. The firm operates out of offices in Stamford, Connecticut; Houston, Texas; and London, employing approximately 155 people as of 2017. Historically, the firm has seen significant growth in its fundraising capabilities, highlighted by the 2008 closing of its twelfth private equity fund, First Reserve Fund XII LP, which secured $8.9 billion in commitments.
The firm's investment scope covers a broad spectrum of the energy industry, ranging from traditional resources like coal and oil to modern renewable energy projects. In 2008, First Reserve expanded its renewable footprint by acquiring Gamesa Solar and committing substantial capital to develop solar capacity in Southern Europe. Over its decades of operation, the firm has been involved in several landmark energy transactions and played a key role in establishing major industry players 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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