Thesis-Driven Capital. Sector Mastery. Repeatable Outcomes.

We target asset-intensive platforms across the energy value chain, with a focus on operational leverage, defensible market positioning, and scalable infrastructure. Our investment mandate includes:

• Oilfield Services & Logistics  Providers of mission-critical services to upstream operators, including drilling, completions, production support, and field logistics. We favor businesses with high utilization, recurring revenue, and basin-level density.

• Midstream Infrastructure & Gathering Systems  Contracted assets with durable cash flows, strategic basin positioning, and expansion potential. Includes gathering, compression, and processing systems with fee-based economics.

• Water Infrastructure & Disposal Networks  Scalable platforms managing treatment, transport, and disposal of produced water. We prioritize systems with regulatory defensibility, route density, and embedded customer relationships.

• Equipment Manufacturing & Maintenance Platforms  Niche manufacturers and service providers supporting drilling, completions, and production. Focus on proprietary technologies, aftermarket revenue, and embedded distribution channels.

• Field Technology & Automation  Software and hardware platforms digitizing the oilfield — including SCADA, IoT, predictive maintenance, and workflow automation. We back solutions with clear ROI, integration capability, and sector adoption.

• Operators & Lease Aggregation  PDP-heavy portfolios with low decline curves, efficient operations, and scalable acreage positions. We selectively invest in operators with disciplined capex, strong reservoir data, and strategic exit optionality.

Execution Themes

Our value creation strategy is built on operational rigor, strategic alignment, and institutional-grade governance. Core execution levers include:

• Margin Expansion via Cost Optimization   Fleet efficiency, SG&A rationalization, and throughput enhancement to drive EBITDA growth.

• Strategic M&A & Bolt-On Integration   Accretive acquisitions in fragmented markets with clear synergies, integration pathways, and platform scalability.

• Talent Upgrades & Governance Discipline   Board-level oversight, KPI-driven management, and leadership enhancement across finance, operations, and engineering.

• Institutional Exit Planning   Structured pathways to strategic buyers, sponsor roll-ups, or public markets — with diligence-ready financials, clean governance, and exit visibility.