Golden Gate Capital, a San Francisco–based private equity investment firm, has launched a new energy-infrastructure platform, Stonehill Environmental Partners.
Golden Gate will be Stonehill’s anchor investor as it grows its infrastructure platform, and Jay Parkinson, a former Golden Gate Capital operating executive, will serve as the CEO.
Stonehill provides energy-infrastructure solutions to the upstream-energy industry by designing, building, owning and operating fixed water pipeline, recycling and disposal assets that maximize efficiency and reduce the environmental footprint for oil and gas industry customers’ operations.
The company will pursue both organic and inorganic growth strategies to facilitate scale expansion. M&A opportunities will include standalone assets, as well as monetizing existing E&P-owned water infrastructure assets, providing E&P companies the opportunity to redeploy capital to core drilling and completion activities.
