September 28, 2016 10:02 PM ET

Capital Markets

Company Overview of First Reserve Corporation

Company Overview

First Reserve Corporation is a private equity firm specializing in buyouts, growth capital, and industry consolidations in middle market companies. The firm seeks to invest growth equity through buy and build model. It also makes infrastructure investments. The firm seeks to invest in the energy and natural resource industry. Within private equity, the firm invests in resources, equipment and services, and midstream/downstream sectors. In resources, it invests in onshore/offshore, oil and natural gas exploration and production areas; in equipment and services, the firm focuses on drilling and production, manufacturing, transportation and maintenance, and support of energy industry activity t...

One Lafayette Place

Greenwich, CT 06830

United States

Founded in 1983





Key Executives for First Reserve Corporation

Co-Chief Executive Officer, Chairman, and Member of Investment Committee
Age: 70
Co-Chief Executive Officer, President, Co-Head of Buyout, and Chairman of the Development Committee
Age: 42
Chief Financial Officer and Managing Director
Managing Director and Chief Operating Officer
Age: 60
Managing Director and Vice Chairman
Age: 74
Compensation as of Fiscal Year 2016.

First Reserve Corporation Key Developments

First Reserve Seeks Acquisitions

First Reserve Corporation is seeking acquisitions. Randy Byers, Chief Executive Officer of Applied-Cleveland Holdings, Inc. said, “We are looking forward to partnering with First Reserve who is an energy industry specialist with the resources and network which will allow us continue to expand our national footprint both organically and through acquisitions and maintain our industry-leading inspection services model."

First Reserve Reportedly Looks To Sell 101-MW Solar Portfolio In Italy

First Reserve Corporation has drawn several bids, each worth some €100 million, for a 101-MW solar portfolio in Italy it has put up for sale, sources told Reuters. According to one of the informed people, Tages Holding S.p.A. is among the bidders. Another source told the news agency that a joint venture between Enel Green Power S.p.A. and Italian infrastructure fund F2i could make an offer too. At the same time, Quercus Investment Partners LLP had bid €90 million but later dropped its proposal, a third source has said. t Reserve will pick the winning bid by July 27, 2016.

First Reserve Seeks to Sell A Number Of Solar Plants

First Reserve Corporation is seeking to sell a number of solar plants in Italy with a combined capacity of 101 megawatts drawing bids each worth around €100 million. The winning bid will be selected by July 27, 2016. Bank of America Merrill Lynch is advising First Reserve.

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