Genesis Park Joins Global Energy Capital and White Deer Energy to File for Flowco Public Offering
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HOUSTON, Jan. 17, 2025 ~ Houston-based investment firm Genesis Park announced today that its portfolio company, Flowco, has successfully launched its initial public offering (NYSE: FLOC). The company was formed through the merger of three leading production optimization and artificial lift solution providers - Flowco Production Solutions, Estis Compression, and Flogistix.
Genesis Park had initially invested in Estis Compression in 2019 alongside Global Energy Capital (GEC). With the support of two other local investment firms, White Deer Energy and GEC, Flowco was able to achieve this significant milestone. Jonathan Fairbanks, a seasoned industry expert, has been appointed as the Chairman of the Board.
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According to Paul Hobby, Managing Partner of Genesis Park and newly appointed member of Flowco's Board of Directors, this merger brings together a wide range of well optimization capabilities throughout the production lifecycle. He also highlighted the company's commitment to minimizing fugitive vapor releases while maximizing production and uptime.
Headquartered in Houston with approximately 1,300 employees, Flowco operates in all major domestic oil and gas basins and is rapidly expanding its international presence. The company currently serves 22 out of the top 25 producers in the United States.
This marks Genesis Park's second successful public offering from their Genesis Park II LP portfolio. Their first being Redwire (NYSE: RDW). With this latest achievement, Flowco is poised for continued growth and success in the oilfield technology industry.
Genesis Park had initially invested in Estis Compression in 2019 alongside Global Energy Capital (GEC). With the support of two other local investment firms, White Deer Energy and GEC, Flowco was able to achieve this significant milestone. Jonathan Fairbanks, a seasoned industry expert, has been appointed as the Chairman of the Board.
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According to Paul Hobby, Managing Partner of Genesis Park and newly appointed member of Flowco's Board of Directors, this merger brings together a wide range of well optimization capabilities throughout the production lifecycle. He also highlighted the company's commitment to minimizing fugitive vapor releases while maximizing production and uptime.
Headquartered in Houston with approximately 1,300 employees, Flowco operates in all major domestic oil and gas basins and is rapidly expanding its international presence. The company currently serves 22 out of the top 25 producers in the United States.
This marks Genesis Park's second successful public offering from their Genesis Park II LP portfolio. Their first being Redwire (NYSE: RDW). With this latest achievement, Flowco is poised for continued growth and success in the oilfield technology industry.
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