First Reserve Portfolio Company Tri- Point LLC Announces Acquisitions

Source Press Release
Company First Reserve Corporation 
Tags Corporate Deals, Deals, Oil Services
Date December 05, 2016

Tri-Point, a portfolio company of First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy, today announced the acquisition of three companies that specialize in oil and gas production and processing equipment and associated services, bringing together complementary products and solutions with national reach for onshore upstream and midstream customers.

Tri-Point, led by an accomplished management team, expects these acquisitions to work synergistically to build and enhance the company's equipment and service offerings:


  • Leed Fabrication Services ("Leed") is based in Brighton, Colorado and manufactures a wide range of wellhead production equipment and emission control devices as well as providing complementary field services and technical support;
  • Streamline Production Systems ("Streamline") is based in Kountze, Texas and provides engineered solutions for production and related equipment, including custom production equipment solutions and fully engineered modular production systems; and
  • Superior Fabrication ("Superior") is based in Elk City, Oklahoma and specializes in the manufacture of oil and gas production and processing equipment for upstream, midstream and downstream customers.


Each of these companies has what First Reserve believes are strong market positions within their respective regions or customer base, providing Tri-Point with access to some of the most prolific shale plays in the U.S. including the Anadarko, DJ, Permian and Eagle Ford Basins. 

Britt Schmidt, CEO of Tri-Point commented, "When we started Tri-Point, we did so with a bold vision to bring together high-performing companies to create a brand with the technical capability and physical footprint that could support customers on a national scale. This is an important step forward in realizing that vision, and we are excited to integrate these companies into our team. Leed, Streamline and Superior are, in our view, all leaders in their field, and together as part of the Tri-Point brand, will provide a strong foundation for us to build upon to better serve our customers." 

Gary Reaves and Neil Wizel, Managing Directors at First Reserve, commented, "We believe Tri-Point is well-positioned to provide differentiated surface production solutions to the market, as its customers continue to focus on driving production efficiencies. We are pleased to see the company expanding its geographic footprint and growing and diversifying its product and service offerings, which should allow for even further benefit during the early stages of a recovery in the North American onshore oil and gas market. We are excited to continue to work with Britt Schmidt, David Lucke and the rest of Tri-Point's experienced team to further drive value for the company's customers."

Financial details of the transactions were not disclosed. 

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd