TRP Capital Partners has closed a single asset continuation fund for industrial gas transportation company GenOx Transportation, with Barings, Kline Hill Partners and Adams Street Partners serving as co-lead investors.
Financial terms of the deal have not been disclosed.
Headquartered in Deer Park, Texas, GenOx operates a fleet of specialty trailers that transport nitrogen, argon, oxygen, carbon dioxide, hydrogen, helium, chemicals and liquified natural gas, all of which are carried in compressed or liquified form.
GenOx will continue to operate as a standalone business under the leadership of its existing management team, led by Kevin Mathews.
Jefferies served as financial advisor and Weil served as legal counsel to TRP and GenOx. Cleary Gottlieb advised Kline Hill and Barings. Proskauer served as legal advisor to Adams Street.
