Barings, Kline Hill Partners, and Adams Street Partners have served as co-lead investors in the completion of a single asset continuation fund in support of TRP Capital Partners (TRP), Kevin Mathews, founder and CEO, and the management team of GenOx Transportation, an industrial gas transportation company. Financial terms were not disclosed.
Headquartered in Deer Park, Texas, GenOx operates a fleet of specialty trailers that transport nitrogen, argon, oxygen, carbon dioxide, hydrogen, helium, chemicals, and liquified natural gas (LNG), all of which are carried in compressed or liquified form.
“We’re excited to support TRP’s extended investment through our GP-led strategy and aligned interests in the continuation fund for this high-quality transportation business known for its experienced management team, award-winning safety record and strong driver retention rate,” said Raudel Yanez, managing director at Kline Hill Partners. “Together, we look forward to rec