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First Reserve
First Reserve Announces Acquisition Of The Integrity Maintenance Platform Of EMS USA, Inc.



June 20, 2017

First Reserve, a leading global private equity investment firm exclusively focused on energy, announced an agreement to acquire the integrity maintenance platform of EMS USA, Inc. This service provider ("EMS") has an industry reputation for a commitment to the safe delivery of non-discretionary, recurring and mission-critical pipeline integrity, maintenance and repair services. The transaction is subject to customary closing conditions.

Serving customers throughout the midstream and downstream value chain, EMS provides a comprehensive suite of solutions that includes integrity maintenance, cathodic protection, measurement and automation, O&M compliance, GIS, and control room operations. With a strategic footprint in prolific basins and areas of concentrated pipeline infrastructure, key U.S. energy activity areas, including the Gulf Coast industrial corridor as well as the Permian and Appalachian basins, EMS has an existing customer base of over 500 clients, including long-standing relationships with multiple blue-chip energy companies. These customers rely on EMS for complete services and solutions that help manage risk, enhance safety and environmental best practices and compliance, and properly maintain the integrity of pipeline and facility assets throughout their life cycles.

Jeff Quake and Gary Reaves, Managing Directors at First Reserve, commented, "EMS has an excellent track record of performance, in our view, and we believe it is well-positioned to benefit from increased industry activity around integrity-based infrastructure services that are not directly levered to commodity prices. First Reserve has a long history of supporting high-quality platforms in the energy infrastructure services space, where the focus on safety and environmental integrity makes asset maintenance and repair essential. We are excited to partner with the talented team at EMS and look forward to supporting the company in its next phase of growth."

Alex Buehler, CEO of EMS, added, "EMS enjoys an established industry reputation for delivering value-added solutions, building enduring customer relationships, and living our passion for safety. We are excited to partner with First Reserve, an energy industry investment specialist with the resources and network to facilitate continued expansion in new geographies and services lines through organic growth and acquisitions."

Houlihan Lokey acted as financial advisor to EMS in this transaction. Financial details of the transaction were not disclosed.

About EMS

EMS USA, Inc. ("EMS") is an integrated solution provider for all pipeline and facility maintenance, integrity, measurement and automation services. We maintain, repair and operate pipelines and facilities with a passion for safety and a commitment to building enduring relationships with our clients across the United States. EMS exists to connect people with the world's energy, and we envision a world with no failures in energy infrastructure. For more information about EMS, please visit www.emsusainc.com.

About First Reserve

First Reserve is a leading global private equity investment firm exclusively focused on energy. With nearly 35 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised approximately USD $31 billion of aggregate capital since inception. First Reserve has completed over 600 transactions (including platform investments and add-on acquisitions), creating several notable energy companies throughout the Firm's history. Its portfolio companies operate on six continents, spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and associated infrastructure. Please visit www.firstreserve.com for more information.

Contact
Jonathan Keehner / Julie Oakes
Joele Frank, Wilkinson Brimmer Katcher
joakes@joelefrank.com
(212) 355-4449

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First Reserve
www.firstreserve.com


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