Encino Environmental Services Announces Equity Investment by EnCap Investments | Business and finance
HOUSTON–(BUSINESS WIRE)–January 26, 2022–
Encino Environmental Services, LLC (“Encino” or “the Company”) today announced a growth equity investment of EnCap Investments LP (“EnCap”). Encino is a monitoring, measurement, and environmental engineering services and products company that provides an enterprise-class data fabric and vertically integrated sensor networks to identify and assess greenhouse gas (“GHG”) emissions. EnCap’s investment was made in partnership with Encino’s lead sponsor, BP Energy Partners, LLC (“BPEP”).
Encino provides a full range of environmental and regulatory compliance solutions in the upstream and midstream energy sectors. Encino also serves marine, energy, industrial, mining and other industries looking to reduce their carbon footprint and achieve their ESG goals. The company’s mobile emissions performance testing labs enable rapid deployment to meet emissions testing for mechanical integrity assessments and regulatory requirements. Encino’s expertise in environmental engineering and science enables the company to assess, design and implement a range of strategies to address complex environmental projects.
“We are thrilled to partner with EnCap to support this venture,” said Encino Founder and Chief Technology Officer Joe Etheridge. “EnCap’s management vision, reputation and market position will enhance our operations and market stature. Environmental initiatives will continue to play a key role in decarbonizing the energy value chain, and we believe EnCap will help us deliver high-resolution technologies and services that support our customers’ goals.
“Encino is strategically positioned to pioneer comprehensive ESG initiatives to address both market demand and pending government-mandated GHG programs,” added EnCap Partner Kyle Kafka. “Encino addresses both the challenges and opportunities of benchmarking GHG performance. Improving and maintaining best-in-class environmental performance is a key objective for EnCap’s portfolio companies and we firmly believe that the technologies and expertise Encino brings to the industry will be critical as we continue to focus on providing sustainable, low-cost energy to the world.”
“We are delighted to have EnCap as a partner for Encino,” said Alex Szewczyk, Managing Partner of BPEP. “We look forward to working with the EnCap team to advance this mission by continuing to evolve Encino and providing best-in-class environmental services.”
About Encino Environmental Services, LLC
Founded in 2010 and based in Houston, Encino Environmental Services, LLC is an emissions performance monitoring and testing company specializing in combustion analysis, leak detection and repair, continuous emissions and advanced environmental data platforms for measuring and minimizing emissions to support regulatory compliance and environmental, social and governance (“ESG”) strategies and objectives. The company has several satellite offices in Texas, New Mexico and Louisiana, as well as a northern US operations headquarters in Casper, Wyoming. Additional information can be found at www.encinoenviron.com.
About EnCap Investments LP
Since 1988, EnCap Investments has been the leading provider of growth capital to the independent sector of the US energy industry. The firm has raised 22 institutional funds totaling approximately $38 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.
About BP Energy Partners, LLC
BP Energy Partners, LLC (BPEP), is a growth-oriented investment firm based in Dallas, Texas. Since its inception, BPEP has made controlled investments in companies that provide practical solutions focused on decarbonization and environmental sustainability. BPEP actively invests in new opportunities that accelerate energy transition and decarbonization efforts in the energy sector and other hard-to-decarbonize sectors, including utilities, manufacturing, chemicals, metals and mining , materials, agriculture, transport and recycling. BPEP currently manages over $560 million in committed capital and is actively investing in new opportunities. More information can be found at www.bpenergypartners.com.
CONTACT: For Encino Environmental Partners, LLC
Joe Etheridge, Founder and Chief Technology Officer
Casey Nikoloric, General Manager
303.433.4397 x101 b | 303.507.0510 mFor BP Energy Partners, LLC
Loren Soetenga, General Manager
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENVIRONMENT TECHNOLOGY OTHER ENERGY SERVICES OTHER TECHNOLOGIES OIL/GAS ALTERNATIVE ENERGY ENERGY MINING/MINING NATURAL RESOURCES
SOURCE: Encino Environmental Services, LLC
Copyright BusinessWire 2022.
PUBLICATION: 01/26/2022 09:15 / DISK: 01/26/2022 09:16
Copyright BusinessWire 2022.