In RMR’s continuing series The Money Backers, we give readers a glimpse of who’s who and who owns what in energy’s private equity world. From the largest to the smallest to the newest, we look especially at those firms making hay in the midstream industry to provide the capital infusion required to give growth projects liftoff.
Critical infrastructure that provides essential services lies at the heart of Alinda Capital Partners’ investment strategy. This Conn.-based, private-equity firm spreads its wealth across transportation, utility, digital, and midstream industries that demonstrate steady, growing, and predictable cash flow for the long term.
Alinda Capital Partners
Alinda makes equity investments in infrastructure. Founded in 2005, they are one of the world’s most experienced infrastructure investment firms. They have invested in infrastructure businesses that operate in 38 of the 50 states in the United States as well as in Canada, the United Kingdom and continental Europe. These businesses serve over 100 million customers annually in more than 550 cities globally, and are run by a workforce of over 80,000 people.
From London’s Heathrow Airport to the nation’s largest data centers, Alinda since 2005 has invested in infrastructure businesses that operate in 38 of the 50 states. The firm’s portfolio companies also include four U.S. pipeline and integrated midstream companies.
Here’s a look:
- Maurepas Pipeline, LLC is a joint venture between SemGroup (now Houston-based Energy Transfer) and investment funds managed by Alinda, which operates three crude oil transmission lines in the Gulf Coast region of La. These include a 34.2-mile, 24-inch pipeline that crosses the Mississippi River and terminates at Shell’s Narco refinery; a 35-mile, 12-inch intermediates pipeline between Norco and Convent refineries; and a separate 34-mile, 6-inch intermediates pipeline between Norco and Convent refineries.
- San Antonio, Texas-based Howard Energy Partners owns and operates natural gas and crude oil gathering lines, processing facilities, a liquids stabilization plant, and bulk liquid storage terminals in the Texas and N.M. Permian, the Eagle Ford, and the Marcellus in Pa.
- San Antonio-based Catalyst Midstream is a joint venture between Howard Energy Partners and WPX Energy that owns crude oil gathering and transmission lines and a storage terminal serving the Delaware sub-basin.
- From Kilgore, Texas, Martin Midstream Partners ranks as the largest and most diversified among Alinda’s midstream investments. Martin breaks down its services into terminalling and storage, NGLs, sulfur, and transportation. Here’s what it looks like:
The company operates 26 marine shore-based terminal facilities and 14 specialty terminals on the Gulf Coast, which provide crude oil storage, refining, blending, packaging, and handling. Its NGL segment includes 2.4 MMBbls of underground storage capacity. Martin’s sulfur services include six fertilizer production plants and one emulsified sulfur blending plant located in Ill., Texas and Utah; and a sulfuric acid production plant in Plainview, Texas.
On the transportation side, Martin Midstream operates both marine and onshore assets along the Gulf Coast. Its marine operations include 33 inland tank barges, 18 inland push boats, and one offshore tug/barge unit to transport petroleum and petroleum byproducts. On land, Martin helms a fleet of tank trucks that transport petroleum products, LPGs, molten sulfur, sulfuric acid, paper mill liquids, chemicals, and other bulk commodities.
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