HOUSTON, Jan. 17,
2025 /PRNewswire/ -- Genesis Park announced today that its
portfolio company Flowco, launched a successful initial public
offering (NYSE: FLOC). Flowco was formed through the merger of
Flowco Production Solutions, Estis Compression and Flogistix.
Genesis Park invested in Estis
Compression in 2019 alongside Global Energy Capital
("GEC").
Genesis Park
announced that its portfolio company Flowco, launched a successful
initial public offering (NYSE: FLOC).
Flowco is one of the most comprehensive providers of production
optimization and artificial lift solutions, including high pressure
gas lift, traditional gas lift, plunger lift, and vapor recovery.
Headquartered in Houston, Texas
with approximately 1,300 employees, Flowco operates in every
domestic major oil and gas basin, with a growing international
presence. Flowco serves 22 of the top 25 producers in the United States.
Three local investment firms, GEC, White Deer Energy and
Genesis Park cooperated to
accomplish this powerful combination. Jonathan Fairbanks will Chair the Board.
"The combined business creates an array of well optimization
capabilities at every point in the production lifecycle," said
Paul Hobby, Managing Partner of
Genesis Park. Hobby, who has joined the Board of Directors of
Flowco, continued "Bringing the three companies together maximizes
production and uptime while minimizing fugitive vapor releases.
Flowco represents an important step forward in improving oilfield
technologies."
Flowco represents Genesis Park's
second successful public offering from the Genesis Park II, LP.
Portfolio; Redwire (NYSE:RDW) being the first.
About Genesis Park
Genesis Park is a Houston-based debt and equity investment
platform. Its most recent investment fund, GP Capital Partners II,
LP, is licensed as a Small Business Investment Company ("SBIC") by
the U.S. Small Business Administration. Genesis Park supports growth and later stage
lower middle market businesses through flexible debt and equity
capital solutions and strategic guidance. Genesis Park targets companies with proven
business models and seasoned management teams. For more
information, visit www.genesis-park.com.
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SOURCE Genesis Park