Post Oak Energy Capital and Genesis Park Announce Successful Monetization of Layne Water Midstream
July 10 2024 - 7:00AM
Business Wire
Post Oak Energy Capital, LP (“Post Oak”) and Genesis Park, LLC
(“Genesis Park”), through investment partnerships each company
separately manages, today announced the successful sale of their
interests in Layne Water Midstream (“LWM”) in an all-cash
transaction. Post Oak and Genesis Park initially invested in LWM in
early 2019 and have worked closely with the LWM management team to
grow LWM’s customer base and footprint in the Permian Basin
throughout this time.
Nomura Greentech acted as financial advisor and Willkie Farr
& Gallagher LLP acted as legal counsel to the sellers in
connection with the transaction.
About Post Oak Energy Capital:
Post Oak, which was established in 2006, is a Houston-based
private equity firm primarily focused on making domestic
investments in the upstream, midstream and oilfield services
sectors of the energy industry. Post Oak seeks to identify
outstanding energy sector entrepreneurs and management teams with
well-defined business plans that also possess a demonstrated track
record of creating accretive value for shareholders.
www.postoakenergy.com.
About Genesis Park:
Genesis Park is a Houston-based debt and equity investment
platform. Its most recent investment fund, GP Capital Partners, LP,
is licensed as a Small Business Investment Company ("SBIC") by the
U.S. Small Business Administration. Genesis Park supports growth
and later stage lower middle market businesses through flexible
debt and equity capital solutions and strategic guidance. Genesis
Park generally targets companies with proven business models and
seasoned management teams. For more information, visit
www.genesis-park.com.
About Layne Water Midstream:
LWM is a full cycle water midstream business providing water
solutions for its customers through responsibly created water
infrastructure, including produced water gathering and disposal,
source water delivery, and produced water redelivery, treatment and
recycling services. LWM is committed to the entire water life-cycle
in the oilfield – providing responsible solutions to the toughest
water challenges. www.laynewatermidstream.com.
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Kelly Kimberly FGS Global 713.822.7538
kelly.kimberly@fgsglobal.com