USD Group LLC Enters into Partnership with Energy Capital Partners
HOUSTON--(BUSINESS WIRE)--USD Group LLC and its affiliates (“USDG” or the “Company”) announced today the successful closing of a partnership with Energy Capital Partners (“ECP”), an energy infrastructure-focused private equity firm with over $13 billion in capital commitments. ECP has indicated an intention to invest over an additional $1.0 billion of equity capital in USDG, subject to market and other conditions, to support USDG’s expanding vision of developing and acquiring rail terminals and complementary midstream assets. As part of its commitment, ECP purchased a meaningful equity interest in USDG’s parent entity, US Development Group LLC. The Company will use the resulting proceeds to realign its shareholder base, fund several existing growth projects and strengthen its balance sheet to allow for additional flexibility to pursue its goal of providing rail-related energy infrastructure solutions.
About USD Group LLC
USDG and its affiliates are engaged in designing, developing, owning, managing and operating large-scale rail logistics centers and other midstream infrastructure assets throughout North America. USDG is an industry leader in the development of unit-train terminals for the transportation of energy-related products. For more information, please visit the company’s website at www.usdg.com.
About Energy Capital Partners
Energy Capital Partners is an energy-focused private equity firm with over $13 billion in capital commitments and offices in Short Hills, Houston and San Diego. The firm is focused on investing in the power generation, midstream oil and gas, environmental infrastructure, renewable energy, electric transmission, and energy services sectors of North America's energy industry. Its management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit www.ecpartners.com.