ArcLight and Limetree’s financial sponsors have invested substantial capital related to the acquisition and the development of terminal operations since the formation of Limetree in 2016. In November 2018, Limetree announced the commitment of approximately $1.7 billion to support the restart of refining operations and related growth projects.
About ArcLight Capital Partners, LLC
ArcLight Capital Partners, LLC (“ArcLight”) is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, ArcLight helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. ArcLight has invested approximately $21 billion in over 107 transactions since inception, generating strong realized returns for their limited partners from over 62 exits across diverse market cycles. Based in Boston, ArcLight’s investment team targets midstream, power, and production opportunities with substantial growth potential, significant current income, and meaningful downside protection, typically on a proprietary basis. ArcLight employs a hands-on value creation strategy that utilizes their in-house technical, operational, and commercial specialists as well as their 400-person asset management affiliate. More information about ArcLight, and a complete list of ArcLight’s portfolio companies, can be found at www.arclightcapital.com.
About Freepoint Commodities, LLC
Founded in 2011, Freepoint Commodities, LLC (“Freepoint”) is based in Stamford, Connecticut with over 300 employees worldwide. Freepoint is a merchant of physical commodities and a financer of upper and mid-stream commodity-producing assets. Freepoint also provides physical supply services and related structured solutions for counterparties. Freepoint is owned by private equity funds managed by Stone Point Capital, members of Freepoint’s management, and senior employees. More information about Freepoint can be found at www.freepoint.com.