US Infrastructure Holdings Announces $100 Million Equity Commitment from EnCap Flatrock Midstream
Houston, Texas — US Infrastructure Holdings, LLC (USI) announced today that the company has received a $100 million equity commitment from EnCap Flatrock Midstream’s EnCap Energy Infrastructure Fund and management. USI is an established midstream company focused on the acquisition, development and operation of natural gas gathering and processing assets across the country with a current emphasis on opportunities in the Bossier/Haynesville and Marcellus/Utica shale plays.
“EnCap Flatrock is very pleased to partner with US Infrastructure. USI has an exceptional senior management team with a long history of working together. This team has a solid record of creating value through projects and building successful businesses within the energy industry. USI’s five principals have 125 years of combined experience in the energy business; strong, complementary skill sets; and a very successful track record in midstream,” said Bill Waldrip, managing partner and founder of EnCap Flatrock Midstream.
USI is led by CEO Gil Burciaga and company President Zach Lee. Burciaga is a seasoned CEO with more than 30 years of experience in the energy industry. He was a founding member of Dynegy, Inc. (formerly Natural Gas Clearinghouse) and part of the executive team that took the company public in 1990. During his tenure, Dynergy was one of the fastest growing companies in the United States. Burciaga and Lee are co-founders of Asset Risk Management, LLC (ARM), a commodity advisory firm providing risk management services to oil and gas producers and end users throughout North America. Other members of the management team include Chief Financial Officer Lee Urbina; Ralph Neumann, senior vice president, engineering & operations; and Gary Bryan, senior vice president, business development.
“We are looking forward to working with EnCap Flatrock to continue to grow our business. We’ve put together a winning partnership by combining EnCap Flatrock’s financial strength and expertise with the depth of our industry experience and the strength of our business model,” Burciaga said. “We are focused on developing core assets with strong enterprise value and our unique ability to create cost-effective opportunities for producers.”
About US Infrastructure Holdings, LLC
Based in Houston and Austin, Texas, US Infrastructure Holdings, LLC (USI) develops midstream service projects across the United States. These include natural gas gathering, conditioning and processing assets in emerging resource plays with unique midstream opportunities. USI is led by CEO Gil Burciaga and company President, Zach Lee. USI’s senior management team has more than 125 years of experience in the energy industry.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream is a private equity firm based in San Antonio. EnCap Flatrock manages the EnCap Energy Infrastructure Fund. The Fund provides private equity capital to proven management teams focusing on midstream energy infrastructure opportunities throughout North America including:
- natural gas gathering, treating, compression, processing and storage operations;
- crude oil gathering, storage and transportation;
- natural gas liquids fractionation, storage and transportation;
The EnCap Flatrock Midstream team is led by Dennis Jaggi, Billy Lemmons and Bill Waldrip, who have worked together for virtually all of the past 30 years in the midstream sector of the oil and gas industry. With more than 93 years of midstream experience and 125 prior advisory clients, EnCap Flatrock Midstream principals have been directly involved in a total of approximately $4.1 billion in energy transactions and investments. The firm has more than $1.2 billion in midstream equity under management and 66 prestigious institutional investors.