Investment Entity: Tristream Energy, LLC
Geography: Lower 48 States
Sector: Gas & Oil Gathering, Processing, and Transport
Investment Fund: Fund III
Initial Investment: January 2007
Haddington is pleased to be the sponsor of Tristream Energy, LLC. Haddington has agreed to provide capital to Tristream to fund the acquisition and/or construction of gathering, processing, treating and other midstream energy infrastructure assets in the lower 48 states. The management team consists of Ken Purgason, Tony Catalano and Mike Urban, previously of Sago Energy, a highly successfully Fund I and Fund II portfolio company. Haddington has a long track record of creating value with the Tristream principals, and look forward to continuing this relationship in Fund III.
Haddington believes Tristream is unique in that they are a producer focused midstream company that’s capable in executing on both greenfield developments and acquisitions. They have managed small and large scale gas processing facilities, low and high pressure gathering systems, gas compression and treating assets, and liquid extraction and transportation assets. The principals of Tristream also have seen the ups and downs of the industry and understand the risks that the producer faces in various cycles of the oil and gas industry. A key strength of Tristream is designing gathering systems that are optimized for the production characteristics of a particular oil or gas field. The company can also be flexible in the commercial structure between Tristream and the producer.
Additional information can be found on the company’s website at www.tristreamenergy.com.
