Stakeholder Midstream is supported by an initial private equity commitment from EnCap Flatrock Midstream ("EnCap Flatrock"). Established in 2008 by Flatrock Energy Advisors, LLC, and EnCap Investments L.P., EnCap Flatrock is focused on providing value-added growth capital to proven management teams in the midstream sector of the North American energy industry, The firm is guided by a disciplined approach to value creation through the rigorous application of intellectual and financial capital. The firm manages EnCap Flatrock Midstream Funds I, II and III, which have more than $5 billion in investment commitments from a broad range of prestigious institutional investors. The EnCap Flatrock partnership provides an unmatched combination of operating, technical and investing expertise that uniquely positions EnCap Flatrock Midstream to meet the capital needs of the midstream industry.
The team at EnCap Flatrock offers the array of skills required to effectively meet the capital requirements of the midstream sector: deep industry expertise, significant operating experience, outstanding technical skills, industry recognition, contacts, financial sophistication and a demonstrated track record of successful private equity investing.
The EnCap Flatrock Midstream team is led by Dennis Jaggi, Billy Lemmons and Bill Waldrip, who have worked together for virtually all of the past 30 years. With more than a century of combined midstream experience, they have been directly involved in approximately $7.5 billion of midstream transactions and investments. In their previous advisory practice, Flatrock Energy Advisors, they were widely regarded as leading experts in the North American midstream market and provided evaluation, due diligence and transaction advisory services, as well as asset enhancement services on expansion, efficiency and supply matters to more than 125 midstream entities, both public and private. Flatrock Advisors was engaged in nearly all of the key producing areas in North America.