EnCap Flatrock Midstream Opens Houston Office; Managing Director Sam Pitts Tapped to Anchor the Firm’s Downtown Location
28 January 2015 - 1:15AM
Business Wire
Private equity firm EnCap Flatrock Midstream announced today
that it has expanded its presence by opening an office in the heart
of downtown Houston. The new Houston location places EnCap Flatrock
in close proximity to many important investors, oil and gas
producers, and some of EnCap Flatrock’s own portfolio companies.
EnCap Flatrock is headquartered in San Antonio and has an
additional office in Oklahoma City.
Sam Pitts, EnCap Flatrock Midstream
Managing Director (Photo: Business Wire)
EnCap Flatrock’s Houston team is led by Managing Director Sam
Pitts, who joined EnCap Flatrock in 2014 after several years as an
investment banker. During his investment-banking career, Mr. Pitts
advised on more than $50 billion of transactions and represented
issuers in over $15 billion of securities offerings. Before joining
EnCap Flatrock, Mr. Pitts served for four years as a member of the
senior leadership team in Citigroup’s Global Energy Investment
Banking Group. In this capacity, he focused on financial advisory
work related to mergers, acquisitions and divestitures within the
midstream and upstream sectors as well as public and private
capital market raises. Before joining Citigroup, he was with UBS
Investment Bank and its predecessor company, Dillon Read & Co.
Mr. Pitts holds a Bachelor of Business Administration degree in
finance from the University of Texas at Austin.
“We are thrilled to announce the opening of a new Houston
office. It is a highly strategic location, and the strength of our
team across three locations gives EnCap Flatrock a broad capacity
to help our management teams succeed and create value for our
investors,” said EnCap Flatrock Managing Partner and Founder Bill
Waldrip. “As we saw increased demand for a Houston presence, we
started looking for the best possible talent. Sam is a dynamic
leader and an exceptionally talented midstream and energy finance
expert. The depth of his industry experience brings superior
knowledge and counsel to our management teams.”
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added private equity
capital to proven management teams focused on midstream
infrastructure opportunities across North America. The firm was
formed in 2008 by a partnership between EnCap Investments L.P. and
Flatrock Energy Advisors. Based in San Antonio with offices in
Oklahoma City and Houston, EnCap Flatrock is led by Managing
Partners William D. Waldrip, Dennis F. Jaggi and William R. Lemmons
Jr. The firm manages investment commitments of nearly $6 billion
from a broad group of institutional investors. EnCap Flatrock is
currently making commitments to new management teams from EFM Fund
III, a $3 billion fund. For more information, please visit
www.efmidstream.com.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150127005277/en/
TEN|10 Group, LLCCasey Nikoloric303-507-0510 (mobile) or
720-542-8832 (office)Casey.Nikoloric@Ten10Group.com