In total, the Principals have over 100 years of combined experience in the midstream energy sector. The Principals believe their experience represents a significant competitive advantage relative to many of their competitors and enables them to pursue a much broader set of opportunities within the midstream sector. In particular, the Principals believe they are well positioned either to buy or build midstream assets. It is important to note that this buy and/or build strategy is very consistent with their historical experience. The TPC Principals, J. Chris Jones, and John A. Strom, completed over $175 million of midstream acquisitions and developed another $226 million of midstream assets. The TPC Principals generated a 65% IRR and a 5.9x multiple of investment to the original venture capital investors and an average 34.0% IRR across all rounds of equity raised by TPC in its 13 year operating history.
