Genesis Park and Partners Successfully Launch Flowco's IPO in Houston, Marking a New Era for Energy Solutions

Genesis Park and Flowco: A New Chapter in Energy Solutions

In an exciting development for the energy sector, Genesis Park has successfully launched the initial public offering (IPO) of Flowco on the New York Stock Exchange under the ticker symbol NYSE: FLOC. This momentous event not only signifies a new phase in Flowco's evolution but also demonstrates the power of collaborative partnerships within the oil and gas industry.

Flowco has been established through the strategic merger of three significant entities: Flowco Production Solutions, Estis Compression, and Flogistix. Genesis Park's investment in Estis Compression in 2019, in collaboration with Global Energy Capital (GEC), laid the groundwork for this merger. The resulting company, Flowco, now stands as a leading provider of production optimization and artificial lift solutions. Its offerings encompass a range of technologies, including high pressure gas lift, traditional gas lift, plunger lift, and vapor recovery, making it a comprehensive player in the field.

Operating from its headquarters in Houston, Texas, Flowco boasts approximately 1,300 dedicated employees and has established a footprint across all major domestic oil and gas basins. The company serves an impressive roster of clients—22 out of the top 25 producers in the United States, indicating its strong market presence and trusted reputation.

The strategic partnership behind Flowco's formation includes three prominent investment firms: Genesis Park, GEC, and White Deer Energy, each playing a vital role in orchestrating this transformative merger. Jonathan Fairbanks has been appointed as the Chair of the Board of Flowco, bringing with him a wealth of industry expertise.

Paul Hobby, Managing Partner at Genesis Park, expressed his enthusiasm for the combined entity, stating, "The merging of these three companies creates an expansive suite of well optimization capabilities at every stage of the production lifecycle. By uniting these strengths, Flowco will enhance production efficiency and uptime while actively minimizing fugitive emissions. This IPO marks a crucial step forward in advancing oilfield technologies."

Flowco’s IPO is particularly significant as it represents Genesis Park's second successful public offering through its portfolio, following the earlier offering of Redwire (NYSE: RDW). This trend showcases Genesis Park's effective strategy in nurturing and growing its investment portfolio, particularly in the energy sector.

About Genesis Park

Genesis Park operates as a Houston-based investment platform focusing on both debt and equity investments. Their latest fund, GP Capital Partners II, LP, is recognized as a Small Business Investment Company (SBIC) by the U.S. Small Business Administration. Genesis Park is committed to supporting the growth of lower middle market businesses, providing flexible capital solutions and strategic insight aimed at companies with proven business models and proficient management teams.

For more information on Genesis Park's initiatives and investments, visit their official website at www.genesis-park.com. This recent IPO of Flowco not only solidifies their market position but also sets the tone for future advancements in energy solutions, impacting the industry significantly.