A portfolio company of BP Energy Partners LLC (BPEP), a private equity firm focused on the energy industry, has acquired substantially all of the assets of natural gas solutions company Thigpen Energy LLC and TRF Energy Solutions LLC – collectively, Thigpen Energy – for an undisclosed amount.
Thigpen is a provider of natural gas fueling solutions for high horsepower and industrial markets. The new entity will continue to operate under the Thigpen Energy name. In addition to serving and expanding the footprint with Thigpen Energy’s existing clients, the new entity will focus on other industrial end-users and markets, including the oil and gas sector.
Michael Watzky, managing partner at BPEP, says, “We are excited about adding the Thigpen Energy assets and people to the BPEP platform. Thigpen Energy delivers cost-savings and operational efficiencies to its customers by providing cheap, abundant natural gas to those not connected to pipelines or where pipeline service is not available. BPEP continues to capitalize on the growing demand of natural gas by providing growth capital to businesses like Thigpen Energy which operate within the natural gas value chain.”