Funds managed by GSO Capital Partners LP (GSO), a division of The Blackstone Group (Blackstone) have invested equity capital in Energy Alloys – a global provider of oilfield metals, services and solutions – to support its growth strategy. The company’s strategy will continue to be executed by its current management team.
"I am pleased to announce GSO’s commitment to Energy Alloys," says Dave Warren, President, CEO and Founder of Energy Alloys. "GSO is a top tier energy investor, and we look forward to having them as a partner. This equity commitment provides a capital structure to pursue growth opportunities, gain advantage in the market, expand value-added services and support our customer’s global demands. I am excited about entering this next phase of our company’s growth strategy as we move forward with our customer-focused vision, our talented management team, and increased capacity and capabilities that this additional investment capital will support."
"We are delighted to have the opportunity to invest in Energy Alloys," says Dwight Scott, Senior Managing Director of GSO. "Energy Alloys plays a unique role as a supply chain partner in a growing market, and we support the management team’s vision to be customer-focused, creative and entrepreneurial."
Upon closing of the transaction, GSO will join the Board of Directors. Dave Warren will remain President and CEO as well as Chairman of the Board.
Andrews Kurth LLP and Fulbright & Jaworski LLP served as legal counsel to Energy Alloys. Latham & Watkins LLP served as legal counsel to GSO. Energy Alloys was advised by Lazard Freres & Co., LLC.
