RSH Energy Acquired by Oaktree’s GFI Energy Group

  RSH Energy Acquired by Oaktree’s GFI Energy Group

Business Wire

HOUSTON -- October 9, 2013

Funds managed by Oaktree Capital Management’s GFI Energy Group (“Oaktree”)
announced they have partnered with management and a team of highly experienced
oil and gas midstream services executives to acquire the oil and gas
infrastructure services business from R-S-H Engineering, Inc. The newly formed
entity is named RSH Energy, LLC (“RSH Energy”) and is headquartered in
Houston, Texas. RSH Energy is a full-service provider of survey, inspection,
engineering and data management services for pipelines, compressor stations
and related facilities.

Brian Murphy, who founded and led the business now comprising RSH Energy, will
remain a key executive and has been promoted to Chief Operating Officer. “I am
very excited to partner with Oaktree’s GFI Energy Group to continue to build
on our strong reputation of safely delivering best in class services to our
customers,” said Murphy. “Oaktree is committed to bolstering our company’s
access to strategic resources and capital to pursue growth initiatives that
will allow us to expand our service offering and geographic presence to
further benefit and exceed the expectations of our valued customers. With the
help of Oaktree, RSH Energy has already been able to recruit world-class
executives and I look forward to working with them to continue to build on our
team’s success.”

Joining Brian is Jim Alexander, PE, who has been hired by RSH Energy as the
Chief Executive Officer. Alexander is an experienced executive with over 30
years in leadership roles with midstream oil and gas engineering and field
services companies. Prior to joining RSH Energy, he was the Vice President of
the Oil and Gas Division at Hatch Mott MacDonald and ran the Woodlands, Texas
office, which is primarily focused on providing pipeline and compressor
station engineering and field services. He has previously held leadership
positions with Exterran, Universal Pegasus, Foster Wheeler and Enron. Before
that, he founded his own engineering firm, which he successfully grew and

John Jackson has also joined RSH Energy as its Chairman of the Board. Jackson
is a seasoned energy industry executive who currently serves as CEO of Spartan
Energy Partners. Prior to founding Spartan, he was the Chairman and CEO of
Price Gregory Services, a leading energy infrastructure services provider
specializing in pipeline construction. Jackson has also served as President
and Chief Executive Officer of Hanover Compressor and held several leadership
positions at Duke Energy Field Services, including Chief Financial Officer.

Mark Chesler, Managing Director of Oaktree’s GFI Energy Group, said “Brian
founded the RSH Energy business and has successfully grown it into a highly
respected provider of engineering and field services for pipeline and
compressor station owners with a reputation for responsiveness, quality,
safety and effective integration of leading and proprietary technology. I am
thrilled to expand the RSH Energy team with the proven leadership of industry
executives like Jim Alexander and John Jackson who can help support and fuel
the next stage of growth.”

Financial terms were not announced.

RSH Energy, LLC is a leading provider of engineering and field services to the
oil and gas pipeline and facilities infrastructure market. The Company is
headquartered in Houston, Texas and maintains an office in Edmond, Oklahoma.
For additional information, please visit

Oaktree is a leading global investment management firm focused on alternative
markets, with $76.4 billion in assets under management as of June 30, 2013.
Oaktree’s GFI Energy Group invests in profitable, growing companies with
innovative products and services used in the energy and power industries.
Headquartered in Los Angeles, the firm has over 750 employees and offices in
13 cities worldwide. For additional information, please visit Oaktree’s
website at


RSH Energy, LLC
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