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.
USD Group LLC
Adam Altsuler
Vice President, Finance
(281) 291-3995
aaltsuler@usdg.com
or
Ashley Means
Manager, Finance & Investor Relations
(281) 291-3965
ameans@usdg.com
or
Energy Capital Partners
Jordan Robinson
Managing Director, Head of Investor Relations
(973) 671-6137
jrobinson@ecpartners.com
or
Paul Parshley
Managing Director, Investor Relations
(973) 671-6106
pparshley@ecpartners.com