FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Amerisource Participates in a Common Equity Raise

August 16, 2023, 07:37 AM
Filed Under: Specialty Industries

In June 2023, Amerisource participated in an equity co-investment in a common equity raise for Monarch Resource Partners LLC (“Monarch”). Monarch provides zero-emission natural gas contract compression services with its electric drive EcoFlex™ compressor fleet.

The Company’s EcoFlex™ fleet now serves several of the largest operators in the Permian and Eagleford Basins. Brett Schubert, President and CEO, stated, “Our EcoFlex™ fleet provides customers with numerous benefits including an ESG compression alternative that eliminates greenhouse gas (GHG) emissions of a traditional gas-drive compression package.”

Bill Herrington - EVP, Amerisource, added, “We were pleased to add the Monarch investment to our emerging private equity investment portfolio. The Monarch team has developed an innovative product that supports the critical natural gas industry in a cleaner, environmentally friendly process.”







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.