Combination of Esdec and EcoFasten Solar creates one of largest players in the residential and commercial sectors PHOENIX, ARIZONA – Esdec, a leading European solar rooftop mounting solutions provider, announced today that it has acquired EcoFasten Solar, an industry leader in the design, engineering and manufacture of water-tight solar roof mounts and components for the U.S. residential and commercial sectors. The combination of Esdec and EcoFasten Solar creates a major solar rooftop mounting player with 5GWs installed worldwide.

Esdec and EcoFasten Solar are both known for their innovative, quick-to-install, reliable mounting systems. EcoFasten Solar’s patented rail-less racking and mounting for multiple roof types have supported over 3 GWs of US installed, with the company projected to install just under 500MW in 2018. Esdec, the Netherlands’ largest mounting manufacturer with 1.9 GW of its systems installed across Europe, has seen increasing adoption of its FlatFix commercial flat-roof offering, fueling the company’s expansion into the U.S. market earlier this year.

“Esdec and EcoFasten Solar are a perfect fit,” said Stijn Vos, global CEO of Esdec. “Both companies have proven track records in launching differentiated products that serve the needs of installers and support them in their daily business. By combining these two customer-oriented forces, we are providing installers, distributors and the market with a very compelling, diversified product offering for both pitched and flat roof projects.” EcoFasten Solar founder and roofing expert Brian Stearns started his Phoenix-based company to bridge the gap between solar array designers and the people who install those systems. Brian will be instrumental in product development and utilizing the combined R&D resources of both companies to deliver even more efficient and reliable residential systems for the US.

“Esdec and EcoFasten Solar are cut from the same cloth,” he said. “We each have roots as roofers and solar installers and listen carefully to our customers’ needs, and we also share a relentless drive for innovation. I’m looking forward to helping the Esdec and EcoFasten brands reach the next level together, while focusing on what I love to do most?working closely with the installer community, developing new products, and bringing them quickly to the market.”

Esdec successfully launched its U.S. subsidiary at the Solar Power International trade show earlier this year and is ramping up operations from its Atlanta headquarters. In addition to the EcoFasten Solar line, Esdec’s U.S. product offerings include the FlatFix system, a lightweight, clickable solar mounting system for flat commercial and industrial roofs. Esdec also recently celebrated the opening of its new Innovation Centre in the Netherlands, where the staff will work closely with the EcoFasten Solar team to fast-track the research, development and commercialization of new racking and mounting products for the U.S. and European markets.

Read more at: http://gilde.com/news/2018/esdec-acquires-ecofasten-solar,-expands-solar-rooftop-mounting-offering-for-u.s.-market

Closing of the previously-announced acquisition of Caprock Midstream reinforces EagleClaw’s position as the largest pure-play, privately-held Delaware Basin midstream business with comprehensive, multi-stream service capabilities

Investment by I Squared Capital, a leading global infrastructure investor, will provide capital to further accelerate EagleClaw’s growt

The additional concurrent acquisition of Pinnacle Midstream from I Squared Capital further augments EagleClaw’s best-in-class service offering, adding high-quality dedicated acreage, customers, and complementary natural gas gathering, processing, and crude storage assets in close proximity to EagleClaw’s existing system

Pro forma for these investments, the EagleClaw system offers Delaware Basin producer customers unrivaled scale, reliability, and connectivity for residue gas, NGLs, and crude takeaway

Midland & Houston, TX, November 2, 2018 – EagleClaw Midstream (“EagleClaw” or the “Company”), funds managed by Blackstone Energy Partners (“Blackstone”), and I Squared Capital announced today that the parties have executed and concurrently closed binding agreements pursuant to which I Squared Capital has committed over $500 million of cash and contributed its Delaware Basin midstream portfolio company, Pinnacle Midstream, and become a partner in BCP Raptor Holdco, the parent company for EagleClaw.  In addition, the parties announced the closing of EagleClaw’s previously-announced acquisition of Caprock Midstream.  Proceeds from I Squared Capital’s investment, together with additional investments by Blackstone and EagleClaw’s management team, are being used to fund EagleClaw’s continued growth, including the expansion of EagleClaw’s system, the acquisition of Caprock Midstream, and the ongoing construction of the Permian Highway Pipeline.

The investment by I Squared Capital and the acquisitions of Caprock and Pinnacle further augment EagleClaw’s position as the leading privately-held midstream operator in the Permian’s Delaware Basin in west Texas.  Pro forma for these acquisitions, the Company operates nearly 1,000 miles of natural gas, natural gas liquids, crude, and water gathering pipelines; over 1.4 billion cubic feet per day of processing capacity (pro forma the completion of one plant currently in construction); and crude and water storage and disposal facilities.  In addition, EagleClaw now has nearly half a million acres in the core of the southern Delaware Basin under long-term dedication for midstream services.  EagleClaw is also a 50% partner with Kinder Morgan on the Permian Highway Pipeline, an approximately $2 billion pipeline project designed to transport up to 2.0Bcf/d of natural gas from the Permian Basin to the Katy, Texas area, with connections to the Gulf Coast and Mexico markets.  With the acquisition of Caprock Midstream and Pinnacle Midstream complete, the assets have been integrated into the EagleClaw system and now operate under the EagleClaw brand name.  Today’s announcement is the next step in the overall Delaware Basin midstream consolidation as EagleClaw continues to grow and diversify its business.

Prior to the acquisition, Pinnacle was an independent midstream company providing natural gas gathering and processing and crude oil gathering services to producers in the Delaware Basin.  Pinnacle operates approximately 100 miles of natural gas and crude gathering pipeline, approximately 30,000 Bbls of crude storage facilities, and a 60 MMcf/d natural gas processing facility.  Pinnacle’s assets are located in close proximity to EagleClaw’s existing assets, providing a complementary asset footprint.  Pinnacle serves several highly active producers, who have committed approximately 35,000 acres for long-term dedication of midstream services.  The acquisition of Pinnacle by EagleClaw significantly benefits Pinnacle’s customers by enhancing flow assurance and reliability and providing additional flexibility for customers’ natural gas, crude, and NGL takeaway. Pinnacle is now a subsidiary of EagleClaw Midstream Ventures LLC.  All field personnel of Pinnacle are being offered opportunities to remain with the company.

“The acquisition of Pinnacle, coming on the heels of our recent announcements of the acquisition of Caprock and our partnership on the Permian Highway Pipeline, is another exciting chapter in the continued growth story of EagleClaw,” stated Bob Milam, CEO of EagleClaw. “This transaction expands our business in every aspect, from asset footprint to customer diversity, while remaining true to EagleClaw’s core mission of providing best-in-class midstream service to Delaware Basin producers.”

David Foley, CEO of Blackstone Energy Partners, added, “We are very pleased with the strong operating performance of EagleClaw since the closing of our acquisition in June 2017 and its rapid growth via existing customers as well as through strategic, accretive acquisitions such as Caprock and Pinnacle.  We are excited to welcome I Squared Capital to partner with us in this effort.  As one of the leading global infrastructure firms, with experience in the midstream sector and substantial financial resources, I Squared Capital is an ideal partner for Blackstone and management as together we enable EagleClaw’s continued evolution into a major, fully-integrated midstream player, delivering comprehensive value-added services to Delaware Basin producers.”

“We are excited to partner with Blackstone to invest in essential midstream infrastructure transporting critical resources from the Permian Basin,” commented Adil Rahmathulla, Partner at I Squared Capital. “We share EagleClaw management’s long-term strategic vision and are committed to supporting EagleClaw’s continued success and position as the largest pure-play privately-held Delaware Basin midstream business.  Pinnacle Midstream’s facilities complement the existing EagleClaw portfolio well and position it soundly for continued robust growth.”

Jefferies LLC acted as Blackstone and EagleClaw’s financial advisor in connection with the transactions.  Akin Gump acted as legal counsel on the acquisition of Caprock, and Vinson & Elkins acted as legal counsel on the acquisition of Pinnacle Midstream and partnership with I Squared Capital.  Goldman Sachs and Greenhill acted as financial advisors to I Squared Capital, and Sidley Austin acted as legal counsel.

About EagleClaw Midstream Ventures, LLC
Headquartered in Midland and with a core presence in Houston, EagleClaw is focused on rapid response to the midstream infrastructure requirements of Permian producers.  The Company provides comprehensive gathering, transportation, compression, processing and treating services necessary to bring natural gas, natural gas liquids, and crude oil to market.  EagleClaw is also partners with Targa on the Grand Prix Pipeline Project and with Kinder Morgan on the Permian Highway Pipeline Project.  EagleClaw has long term dedications for almost a half million acres from a broad number of successful and active producers in the Delaware Basin.  For more information, please visit www.eagleclawmidstream.com

About Blackstone Energy Partners
Blackstone Energy Partners is Blackstone’s energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management teams.  Blackstone has invested or committed $16 billion of equity globally across a broad range of sectors within the energy industry.  Blackstone (NYSE: BX) is one of the world’s leading investment firms.  Our asset management businesses, with $457 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.  Further information is available at www.blackstone.com.

About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe and Asia.  The firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore.

CONTACTS

EagleClaw Midstream
Jamie Welch
(713) 621-7300
jwelch@eagleclawmidstream.com

Blackstone Media Relations
Paula Chirhart
(212) 583-5011
Paula.chirhart@blackstone.com

I Squared Capital
Andreas Moon
Managing Director and Head of Investor Relations
(212) 339-5339
andreas.moon@isquaredcapital.com

EQT Credit, through its Mid-Market Credit investment strategy, is pleased to confirm its support for Veritas Petroleum Services (“VPS” or the “Company”) with the commitment of a USD 95 million senior secured facility to refinance existing debt and a committed acquisition facility to back the Company’s future growth plans.

Carved out from DNV and owned by IK Investment Partners, VPS is the leading provider of marine fuel testing and bunker quantity surveys, with broad global coverage via five laboratories.

Andrew Cleland-Bogle, Director in EQT Partners’ Credit team and Investment Advisor to EQT Mid-Market Credit, commented: “VPS is the largest marine fuel testing provider globally. EQT Credit was particularly attracted by the Company’s exceptional quality offering and impressive track record of profitability that IK and the management team have achieved. We would like to thank EQT’s Industrial Advisors who, as former senior executives in the testing, inspection and certification sector, provided key support and insight to the EQT Credit deal team throughout the due diligence process.”

Paul Johnson, Partner in EQT Partners’ Credit team and Investment Advisor to EQT Mid-Market Credit, added: “VPS offers market-leading technical advice to the shipping industry and is a well-placed consolidator within its industries. EQT Credit looks forward to supporting VPS and its management team as the Company continues to execute on plans for acquisitions and expansion under IK’s ownership.”

Contacts
Paul Johnson, Partner at EQT Partners, Investment Advisor to EQT Mid-Market Credit, +44 203 372 9424
Andrew Cleland-Bogle, Director at EQT Partners, Investment Advisor to EQT Mid-Market Credit, +44 208 432 5420
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Credit
EQT Credit invests through four complementary strategies: Senior Debt, Mid-Market Credit (direct lending), Core Value and Credit Opportunities. Since inception, EQT Credit has invested in excess of EUR 5 billion in over 160 companies. EQT Credit’s direct lending strategy seeks to provide flexible, long- term debt capital solutions to medium-sized European businesses, across a wide range of sectors. These businesses may be privately-owned corporates seeking alternative funding to grow or be the subject of private equity-led acquisitions or refinancings.

More info: www.eqtpartners.com/Investment-Strategies/Credit

Acquisition will support continued global growth of energy services company

London, UK, 15 October 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from Lime Rock Partners. The transaction is expected to close in Q4 2018, subject to customary anti-trust and regulatory approvals.

Equity for this investment will come from Carlyle International Energy Partners (CIEP), a $2.5 billion fund that invests in the global oil and gas sector outside North America. The Fund’s mandate includes exploration & production, mid-stream, downstream and oil field services. Credit Suisse, Lloyds and DNB have underwritten the all-senior rated loan financing the acquisition.

EnerMech provides a range of mechanical, electrical and instrumentation services to the global energy and infrastructure industries. With operations in Australia, the Americas, Europe, Middle East, Caspian, Africa and Asia, the business provides innovative integrated solutions that maximise efficiencies across multiple phases of the asset lifecycle from pre-commissioning, commissioning, maintenance and operations support, through to late life support.

Doug Duguid, CEO of EnerMech, said: “This transaction marks the beginning of a new chapter for EnerMech as we continue to develop our business, grow our global footprint and enter new markets. We are excited to be partnering with CIEP, whose expertise and track record in the energy space will provide valuable support for our strategy and next phase of growth.”

Marcel van Poecke, Head of Carlyle International Energy Partners, said: “EnerMech is an attractive, well-positioned international integrated energy, infrastructure and industrial services company, led by a strong team. The company has multiple avenues for growth. We believe potential synergies across CIEP’s portfolio companies as well as the broader Carlyle family are attractive. We look forward to working with the team and supporting EnerMech’s continued growth.”

John Reynolds, Co-Founder and Managing Director of Lime Rock Partners, said: “We have greatly valued our partnership with Doug Duguid, Michael Buchan and the entire EnerMech team as we supported the business’s growth and transformation since inception. We are confident that the company will continue to thrive under Carlyle’s ownership.”

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For More Information

EnerMech Ltd

Stephen Rafferty
+44(0)7980 598764
stephen@surepr.co.uk

The Carlyle Group

Katarina Sallerfors
Tel: +44 (0) 207 894 3554
Email: katarina.sallerfors@carlyle.com

About EnerMech

Formed in April 2008, EnerMech provides a broad range of asset support services to the international energy and infrastructure sectors, from pre-commissioning through operations and maintenance and late-life support/decommissioning. The business is focused on offering a safer, more customer-focused, responsive service at lower cost, while delivering a much greater level of engineering and technical support than competitors can offer.

With a 3,500-strong workforce, EnerMech specialises in providing integrated supply, operations, maintenance and engineering solutions in its core services of Cranes and Lifting, Electrical and Instrumentation, Equipment Rental, Hydraulic products and services, Industrial Services, Process, Pipeline and Umbilicals (PPU), Maintenance and Integrity Services, Training and Valve supply and services.

The group is headquartered in Aberdeen with bases in Great Yarmouth, Bristol (UK); Stavanger, Bergen, (Norway); Houston, Broussard, Pasadena, Sulphur, Casper, Williston (USA), Trinidad, Mexico, Abu Dhabi, Iraq, Qatar, Saudi Arabia, Azerbaijan, Kazakhstan, Georgia, Singapore; Perth, Melbourne, Sydney, Brisbane, Darwin, Gladstone, Chinchilla (Australia); Malaysia, China, South Korea, India, Ghana, Nigeria, Angola and South Africa.

Website: www.enermech.com

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles as of June 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Carlyle’s Energy Platform

Carlyle has constructed a broad-based global energy, natural resources and infrastructure platform (currently with $25 billion in assets under management and 107 active portfolio companies), consisting of International Energy, North American Energy, North American Power and Global Infrastructure.

About Carlyle International Energy Partners (CIEP)

Established in May 2013, the Carlyle International Energy Partners team focuses on oil and gas exploration and production mid- & downstream, refining and marketing and oil field services in Europe, Africa, Latin America and Asia.

The team, based in London, consists of 13 investment professionals, all with extensive international oil and gas industry investment and operational expertise. In addition to Marcel van Poecke, it includes Managing Directors Bob Maguire and Joost Dröge, both industry veterans with 55 years’ combined successful energy investing experience, as well as Paddy Spink, Senior Advisor, with 35 years’ upstream experience in Africa, Latin America & Europe. Since its inception the fund has completed nine investments.

For more information: https://www.carlyle.com/our-business/real-assets/carlyle-international-energy-partners.

About Lime Rock Partners

Since its inception in 1998, Lime Rock Management has raised $8.6 billion in private equity funds and affiliated co-investment vehicles for investment in the energy industry through Lime Rock Partners, investors of growth capital in E&P and oilfield services companies in the U.S. shales and elsewhere, and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States. For more information, please visit: www.lrpartners.com.

Strategic acquisition reinforces EagleClaw’s best-in-class service offering by adding complementary natural gas gathering, processing, and compression assets in close proximity to existing system; expanding EagleClaw’s offering to crude and water services; and adding new customers, volumes, and high-quality dedicated acreage

Midland & Houston, TX, September 5, 2018 – EagleClaw Midstream (“EagleClaw”), a portfolio company of Blackstone Energy Partners, announced today that it has entered into binding agreements to acquire Caprock Midstream Holdings (“Caprock”) from Energy Spectrum Capital and Caprock Midstream Management for $950 million plus pre-closing adjustments.  The all-cash transaction is expected to close in 2018 and will be funded with equity and committed debt financing from Barclays Plc.  EagleClaw’s current executive leadership team will lead the combined business, which shall operate under the EagleClaw name, following the closing of the transaction.

EagleClaw is the largest privately held midstream operator in the Permian’s Delaware Basin in West Texas.  The company’s assets are strategically located in Reeves, Ward, and Culberson counties and include more than 550 miles of natural gas and natural gas liquids (“NGL”) pipelines and 720 million cubic feet per day (“MMcf/d”) of processing capacity.  EagleClaw serves many of the region’s leading oil and gas producers, who have committed long-term dedications of natural gas volumes to the company from over 310,000 acres.  Since being acquired by Blackstone last year, EagleClaw has more than doubled its processed volumes and system capacity, increased the amount of acreage under long-term dedication by over 55%, and entered into partnerships with Kinder Morgan and Targa to improve its customers’ takeaway options for natural gas and NGLs.

Caprock is a privately held midstream operator that provides gathering, processing, and disposal services for natural gas, crude oil, and produced water to producers in the Delaware Basin.  Caprock’s assets are strategically located in the core of the southern Delaware Basin in Reeves and Ward counties.  Caprock currently operates two natural gas processing facilities and will have 540 MMcf/d of processing capacity pro forma for the completion of two additional facilities currently under construction.  Caprock also operates almost 300 miles of gas, crude, natural gas liquids, and water gathering pipelines; 23 MBbls of crude storage (expected to grow to over 60 MBbls within the next twelve months); and water disposal facilities with capacity of 210 MBpd (with an additional 375 MBpd of additional capacity planned and permitted).  Caprock serves several highly active producers, which have made long-term dedications for natural gas, crude and / or water-related services totaling over 115,000 acres.

The acquisition of Caprock is complementary to EagleClaw and further solidifies the company’s position as the midstream partner of choice for producers in the Delaware Basin.  Pro forma for the closing of the transaction, EagleClaw will operate close to 850 miles of natural gas, natural gas liquids, crude and water gathering pipelines; 1.3 billion cubic feet per day of processing capacity; and crude and water storage facilities, with over 425,000 acres under long-term dedication for midstream services.  The acquisition of Caprock expands EagleClaw beyond natural gas gathering and processing related services into crude- and water-related services, providing opportunities for EagleClaw to offer a broad suite of midstream services to both existing and new customers.  The transaction also benefits EagleClaw’s and Caprock’s customers by improving flow assurance and reliability and providing additional flexibility for customers’ natural gas, crude, and NGL takeaway.

The transaction has been structured such that the existing Caprock operating company (which will be renamed EagleClaw Midstream II) will be a sister-entity to the existing EagleClaw operating business (EagleClaw Midstream Ventures LLC) following the closing, under common ownership and management by the same corporate parent.  The acquirer under the transaction documents and borrower of the acquisition financing will be a newly-established partnership, completely distinct from the existing EagleClaw credit group.  All field personnel of Caprock will be offered opportunities to remain with the company following the closing.  The Caprock water assets will be operated under a services agreement with Waterfield, a Blackstone-backed partnership focused on long-term full-cycle water solutions for upstream companies in the Permian Basin.

EagleClaw CEO Perspective

“We are delighted to welcome Caprock’s customers and their employees into the EagleClaw team,” said Bob Milam, EagleClaw’s founder and CEO.  “I have known and respected Mike Forbau, Caprock’s co-founder and CEO, for over 20 years.  We look forward to building on the great footprint that Mike and the Caprock team have assembled to date and providing Caprock’s customers with best-in-class service consistent with our record of safe and reliable performance.”  Jamie Welch, EagleClaw’s President and CFO, added, “Following our recent announcement of the Permian Highway Pipeline in partnership with Kinder Morgan, the acquisition of Caprock is another exciting chapter in the continued growth story of EagleClaw.  This transaction expands our business in every aspect, from asset footprint, to customer diversity, to breadth of service offering, while remaining true to EagleClaw’s core mission of providing customer-focused midstream services in the Permian basin.”

From Blackstone Energy Partners

“As investors across the energy value chain, with extensive holdings of upstream and midstream businesses, we have firsthand appreciation for the critical nature of EagleClaw’s services, the importance of safe and reliable operations, and the mutually beneficial relationship with the company’s producer customers,” said David Foley, CEO of Blackstone Energy Partners.  “We look forward to serving Caprock’s customers under the EagleClaw platform and continuing to provide midstream services to address the rapidly growing needs of Permian producers.”  Eric Liaw, Senior Managing Director at Blackstone, added, “We acquired EagleClaw with a vision of growing the business into a major, fully-integrated midstream player, delivering comprehensive value-added services to Permian Basin producers.  Following our partnerships with Targa on the Grand Prix JV pipeline and with Kinder Morgan on the Permian Highway Pipeline, the acquisition of Caprock further broadens EagleClaw’s business and enhances the company’s value to its customers.”

From Caprock

“Caprock was formed with the intention of providing producers with a focused service partner in a high growth basin. We have enjoyed working with our key customers to facilitate the development of the Delaware Basin, a world class resource. We are proud of the work our team has done from tying-in the first exploratory wells on this acreage to building infrastructure to enable our customer’s transition to pad development,” stated Mike Forbau, CEO of Caprock.  “As the basin transitions to a larger scale of development, we believe the capital intensity of a large private equity sponsor such as Blackstone will be a great addition to the Caprock business,” added Sanjay Bishnoi, CFO of Caprock.  “The Caprock system and the EagleClaw system share a lot of geographical and operational synergy,”  stated David Ferer, COO of Caprock.  “We firmly believe the EagleClaw team will integrate the two systems to provide its combined customers with greater optionality around gas and product takeaway, in-field operational flexibility, and redundancy.”

From Energy Spectrum Capital

“Caprock exemplifies the role that Energy Spectrum plays in the midstream industry.  By backing highly qualified teams, we allow capital to flow to well thought-out business plans.  Caprock has succeeded in putting early-stage capital to work to develop critical infrastructure for upstream producers to delineate a key new basin in the United States.  We are proud of our partnership with Mike and his team and believe that the integration with EagleClaw will be a strong development for Caprock’s customers,” said Tom Whitener, President of Energy Spectrum Capital.

Jefferies LLC acted as Blackstone and EagleClaw’s financial advisor in connection with the transaction.  Akin Gump served as legal counsel to Blackstone and EagleClaw.  Evercore and Barclays acted as financial advisors to Caprock and Energy Spectrum. Vinson & Elkins LLP and Orrick, Herrington and Sutcliffe LLP acted as legal counsel to Caprock and Energy Spectrum.

About EagleClaw Midstream Ventures, LLC
Headquartered in Midland and with a core presence in Houston, EagleClaw is focused on rapid response to the midstream infrastructure requirements of Permian producers.  The Company provides comprehensive gathering, transportation, compression, processing and treating services necessary to bring natural gas, natural gas liquids and crude oil to market.  EagleClaw is also partners with Targa on the Grand Prix Pipeline Project and with Kinder Morgan on the Permian Highway Pipeline Project.  EagleClaw has long term dedications for over 300,000 acres from a broad number of successful and active producers in the Delaware Basin.  For more information, please visit www.eagleclawmidstream.com

About Blackstone Energy Partners
Blackstone Energy Partners is Blackstone’s energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management teams.  Blackstone has invested over $15 billion of equity globally across a broad range of sectors within the energy industry.  Blackstone (NYSE: BX) is one of the world’s leading investment firms.  Our asset management businesses, with approximately $440 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.  Further information is available at www.blackstone.com.

About Caprock Midstream
Headquartered in Humble, TX, Caprock was founded in 2015 by Mike Forbau, David Ferer, Sanjay Bishnoi, John Phillips and Darin Aucoin.  In partnership with Energy Spectrum Partners VII, LP Caprock began developing assets in the Delaware Basin in 2016.  Caprock has developed gas gathering, gas processing, oil gathering and water gathering and disposal assets in the Delaware basin.

About Energy Spectrum Capital
Founded in 1995, Energy Spectrum Capital (“Energy Spectrum”) is a Dallas, Texas-based private equity firm focused on partnering with premier management teams that are pursuing compelling opportunities in the midstream sector of the North American oil and gas industry.

Contacts
EagleClaw
Jamie Welch
(713) 621-7300
jwelch@eagleclawmidstream.com

Blackstone Media Relations
Paula Chirhart
(212) 583-5011
Paula.chirhart@blackstone.com

SAN FRANCISCO, August 2, 2018 – Genstar Capital, a leading private equity firm focused on investments in targeted segments of the software, industrial technology, healthcare, and financial services industries, today announced that it has completed the previously announced acquisition of Drilling Info Holdings, Inc.  Insight Venture Partners will retain a significant minority stake.

About Drillinginfo

Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo’s solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo serves over 3,500 companies globally from its Austin, Texas, headquarters and has more than 675 employees. For more information visit drillinginfo.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $10 billion of assets under management and targets investments focused on targeted segments of the software, industrial technology, healthcare, and financial services industries.

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MEDIA INQUIRIES

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4334