First Reserve

262 Harbor Drive
Stamford, CT 6902

Website: firstreserve.com

Firm Size

• Assets Under Management (AUM):$6.1 Billion
• Number of Funds:21
• Employees:48
• Firm Type:Private Equity
• Focus Areas: Software & Technology
  Services
  Infrastructure
  Energy
  

Description

First Reserve is a private equity firm located in Stamford, Connecticut. The company specializes in investments in energy and infrastructure sectors. Founded in 1984, First Reserve has become one of the largest private equity firms exclusively focused on these industries. The firm primarily invests in companies involved in oil and gas exploration, production, and services, as well as renewable and alternative energy sectors. These investments include companies engaged in power generation, energy storage, and carbon capture technologies. First Reserve also targets investments in infrastructure assets such as pipelines, storage facilities, and transportation networks. With a team of experienced professionals, First Reserve actively manages its portfolio companies, providing them with strategic guidance and operational expertise to achieve growth and profitability. The firm leverages its network and industry knowledge to identify investment opportunities and create value for its investors. First Reserve has a global presence, with offices in North America, Europe, and Australia. Over the years, the firm has successfully completed numerous transactions and built a strong track record of generating attractive returns for its limited partners. Overall, First Reserve plays a pivotal role in the energy and infrastructure sectors by investing in companies that drive innovation, contribute to sustainable development, and meet the growing global energy needs.

Latest News

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Jun 06, 2024: Dresser Utility Solutions secures $335 Million credit facility from Blue Owl Capital Inc.
Dresser Utility Solutions, a leading provider of global infrastructure technology for the energy transition including measurement, instrumentation, coupling and repair, pressure and flow control solutions to water and gas utility and industrial customers, and a portfolio company of First Reserve, has secured a $335 million credit facility from funds managed by Blue Owl Capital's Credit platform.

May 01, 2024: First Reserve Completes the Sale of its Interest in USA DeBusk to H.I.G. Capital
USA DeBusk LLC (" USA DeBusk" or the "Company"), a leading national provider of mission-critical industrial cleaning and infrastructure services, and First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and industrial end-markets, today announced that USA DeBusk and its management team have partnered with an affiliate of H.I.G. Capital. Financial terms of the transaction were not disclosed.

Feb 20, 2024: First Reserve Appoints Todd Tomlin as Managing Director and Co-Head of Capital Formation
First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and general industrial end-markets, today announced that Todd Tomlin has joined the firm as Managing Director. He will serve as Co-Head of Capital Formation alongside Ed Bialas , Managing Director and Co-Head of Capital Formation.

Jan 23, 2024: CHA Consulting Announces Sale from First Reserve to H.I.G. Capital
CHA Consulting, Inc. (CHA), an innovative, full-service engineering, design, consulting, and program management firm, today announced that it has been acquired by H.I.G. Capital (H.I.G.), a leading global alternative investment firm with $60 billion of capital under management, from First Reserve. Financial terms of the transaction were not disclosed.

Jan 08, 2024: FIRST RESERVE ANNOUNCES PROMOTION
First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and general industrial end-markets, today announced the promotion of Thomas Amburgey to Managing Director, effective January 1, 2024 .

Dec 19, 2023: First Reserve Acquires AP4 Group
First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets, today announced it has acquired AP4 Group LLC ("AP4" or the "Company"), a global full-service provider of critical power plant and turbomachinery maintenance services. Financial terms of the transaction were not disclosed.

Jul 10, 2023: FIRST RESERVE ANNOUNCES TWO PROMOTIONS
First Reserve, a leading global private equity investment firm focused on investing across diversified energy, infrastructure, and related industrial end-markets, today announced the promotion of Nick Lednicky and Ryan Nicholson to Vice President, effective July 1, 2023 .

May 04, 2023: First Reserve Partners with Palmdale Oil
First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets, today announced it has partnered with Palmdale Oil (" Palmdale " or the "Company"), a leading provider of fuels, lubricants, and chemicals with delivery solutions across the state of Florida .