News

Date	Title
January 15, 2016	Eschelon Advisors Managing Partner Tom Glanville, in his role as Chairman of the Texas TriCities Chapter of the National Association of Corporate Directors, quoted in the Houston Chronicle in lead Business Section article “Women Make Gains in Houston Boardrooms”.
November 23, 2015	With the closing by Warburg Pincus of its latest global diversified private equity fund Warburg Pincus XII, Eschelon Advisors closed its investment vehicle for this fund, Eschelon Private Equity Partners I, LP.
October 6, 2015	Mitcham Industries, Inc. (NASDAQ "MIND") elected Eschelon Advisors Managing Partner Tom Glanville Chair of its Audit Committee.
September 15, 2015	Eschelon Advisors initiated fund raising for Eschelon Private Equity Partners I, LP, a feeder fund to invest in the latest global diversified private equity fund from Warburg Pincus, Fund XII.
September 14, 2015	Mitcham Industries, Inc.(NASDAQ "MIND") elected Eschelon Advisors Managing Partner Tom Glanville as a director effective September 9, 2015. MIND leases, sells, and services geophysical and other equipment to the land and marine seismic industry worldwide. The company is headquartered in Huntsville, Texas. To read the press release click here.
April 17, 2015	Eschelon completed the final close of its feeder partnership for Lexington VIII.
September 11, 2014	Eschelon Energy Partners announced today that effective immediately it will change its primary entity to Eschelon Advisors, LP. Tom Glanville, Managing Partner of both Eschelon Advisors and Eschelon Energy Partners, commented "This reflects the growth of Eschelon's advisory business. We are an advisory firm for energy and private equity investors. This change reflects our focus on advisory services for our clients." Primary activities in this area include sponsor specific private equity funds and capital raising and deal sourcing and execution of investments in the energy sector. Eschelon Advisors also provides asset management services in public equity, debt, and MLPs. Eschelon will continue to manage its existing single company partnerships and interests.
March 31, 2014	Eschelon completed the initial close of its feeder partnership for Lexington VIII, the world's leading secondary fund investing in global private equity. Eschelon's 50% partner in this entity is Salient Partners, LP.
February 14, 2014	Eschelon completed the final close of its feeder partnership for Pine Brook Capital Partners II. Eschelon's 50% partner in this entity is Salient Partners, LP, a Houston based asset investment firm (www.salientpartners.com). Pine Brook II, which makes business building equity investments in the energy and financial services sectors, completed fundraising at this same time at $2.434 billion.
September 6, 2013	Lead investor Talara Capital Management closed its first private equity investment, Lighthouse Oil & Gas, to fund an asset purchase in the Western Anadarko Basin. Talara funded $75m into Lighthouse. Eschelon's managing partner introduced the Lighthouse senior executives to Talara and assisted with the financing process.
July 18, 2013	Eschelon and Talara Capital Management of New York City agreed that Eschelon Managing Partner Tom Glanville will be an Operating Advisor to Talara. Glanville said " I am pleased to be working going forward with David Zusman, Managing Partner, and Ganesh Betanabhatla, Managing Director, as they build their energy private equity portfolio."
July 11, 2013	Saber Oil and Gas Ventures sold returning 1 times invested capital.
December 19, 2012	Eschelon completed the initial close of its feeder partnership for Pine Brook Partners II. Eschelon's 50% partner in this entity is Michael Mithoff's Teton Strategic Investments, Inc. www.pinebrookpartners.com
June 20, 2012	Eschelon Energy Partners Managing Director Tom Glanville spoke at the Eagle Ford Infrastructure Finance and Development Conference in San Antonio on the Panel "Investment Opportunities in Eagle Ford Infrastructure Expansion". Full conference materials are available at www.infocastinc.com/eagleford.
December 21, 2011	Latest update letter on Eschelon Energy Partners to investors, colleagues, and friends. Click Here to view.
November 16, 2011	Pine Brook Texas distributed 4.7% of capital, reflecting proceeds of the sale of portfolio companies Phoenix Exploration to Apache and Global Oilfield Services to Halliburton.
May 31, 2011	Eschelon Managing Partner Tom Glanville named Chairman of Texas TriCities Chapter (serving Houston, Austin, and San Antonio) of the National Association of Corporate Directors. Click here to view.
January 14, 2011	Eschelon Managing Partner Tom Glanville's article in Texas CEO Magazine on corporate governance. Click here to view.
June 24, 2010	Pine Brook Texas distributed 6.7% of capital, reflecting proceeds from the sale of Common Resources. Gross multiple on this investment was this 3.12 times with a 116% IRR.
February 27, 2010	Latest update letter on Eschelon Energy Partners to investors, colleagues, and friends. Click Here
April 14, 2009	Strand Energy announced today a new joint venture partner, Cadent Energy Partners (www.cadentenergy.com), that will significantly extend its reach in today's marketplace. Strand Partners, of which Strand Energy will own 10% and operate with Cadent owning the balance, will be focused on acquisition and development opportutities in Strand's core operating regions.
March 12, 2009	Eschelon Managing Partner Tom Glanville was elected President of the Texas Tri-Cities (Houston, Austin, and San Antonio) Chapter of the National Association of Corporate Directors. The chapter is one of the largest and most active chapters nationally with over 600 individual members representing 47 corporations, the vast majority of which are public companies. Glanville has been a member of the association and the chapter since 2004 and a board member of the chapter since 2007.
December 8, 2008	Saber Oil and Gas Ventures, LLC ("Saber Ventures"), a Midland based Permian Basin focused oil and gas acquisition and exploitation company, completed its initial equity fundraising. Saber Ventures was founded by and is lead by the principals of Saber Resources, a historical Eschelon portfolio company sold in 2008. Energy Special Situations Fund II is the lead investor in the financing. Eschelon assisted with this placement and invested in the company. Eschelon Managing Partner Tom Glanville will be an Advisory Director.
October 1, 2008	Latest update letter on Eschelon Energy Partners to investors, colleagues and friends. Click Here
August 1, 2008	Eschelon portfolio company Saber announced the completion of its sale to Celero for an undisclosed amount. Returns to Eschelon investors were approximately 2.17 times invested capital and a 20% plus annual internal rate of return. Final results will be provided after release of escrowed funds, expected by year end.
April 30, 2008	Eschelon portfolio company Chroma announced the completion of an acquisition of a private oil and gas company with assets in the Gulf Coast producing region of Texas and Louisiana. With the acquisition, the company now produces 17 million cubic feet of natural gas equivalent per day from 236 wells. New lead and most significant investor is ACON, a Washington DC based private equity firm.
March 11, 2008	The Board of Itron, Inc., a Eschelon portfolio company, has been named 2008 Board of the Year by the National Association of Corporate Directors-Seattle-Northwest Chapter. Eschelon Managing Partner Thomas S. Glanville has been a member of Itron’s board since 2001 and currently serves on its Audit Committee with the Financial Expert designation. See Yahoo Biz.
February 22, 2008	Itron, Inc. reports for 2007 record annual revenue and EBITDA. See Itron, Inc. press release of 2007 earnings at www.itron.com.
January 25, 2008	Strand Energy completed the buyout of two existing shareholders and welcomed Eschelon Energy Partners Managing Partner Tom Glanville as a new shareholder in this Houston based oil and gas exploration and production company. Glanville, will also join the board of Strand. The company is led by CEO Kent Brock, a petroleum engineer from the University of Texas who began his career at Mesa Petroleum Co. with Glanville.
December 19, 2007	Pine Brook, the private equity fund founded by former Warburg Pincus Vice Chairman Howard Newman, completed its first closing at $840 million. Eschelon Energy Partners completed a feeder partnership for this fund, Pine Brook Texas, contemporaneously with this closing, and assisted Pine Brook in securing significant additional investors in the fund. See www.PineBrookPartners.com.
November 30, 2007	Eschelon portfolio company Milagro announced the completion of its $825 million acquisition of the Gulf Coast Division of PetroHawk(NYSE: "HK"). Properties purchased had proved reserves of 266 billion cubic feet of natural gas equivalent and over 100 million cubic feet of natural gas equivalent of daily production as of the effective date of the transaction. New shareholders Guggenheim, ACON, and West Coast will join the board of the company. The Milagro management team had sold a significant part of these properties to PetroHawk in 2005 when they sold their predecessor company Mission to PetroHawk.
May 26, 2007	Latest update letter to investors, colleagues and friends on Eschelon Energy Partners. Click Here.
May 7, 2007	Eschelon Energy Partners Managing Partner Thomas S. Glanville comments on capital availability for the energy industry in Oil and Gas Investor supplement Here’s the Money: Capital Formation 2007, May 2007 page 44 (www.oilandgasinvestor.com).
March 5, 2007	Eschelon Energy Partners portfolio company Itron (NASDAQ ITRI) announced February 26, 2007 the $1.6 billion acquisition of privately held Actaris. To quote Barrons (www.Barrons.com) March 5, 2007 page M5), "the merger will create a global leader in next-generation meter technology. It will also be No. 1 for electric meters, No. 2 for gas, and the fourth-largest for water." The acquisition closed April 18, 2007.
January 24, 2007	Eschelon Managing Partner Tom Glanville quoted in The Wall Street Journal on a private equity consortium's attempt to buy the upstream arm of Dominion Resources- "Believe It: A Goldman, Morgan Stanley Tango-Adversaries Join Forces In Private-Equity Deal For Dominion's Assets", Pages C1-C2. See www.wsj.com. Glanville quoted that with the strength of debt markets, ability to hedge the price risk of proved reserves, and amount of private equity available that a consortium buying this $15 billion company was entirely possible.
January 18, 2007	Eschelon Managing Partner Tom Glanville spoke to the Independent Petroleum Association of America ("IPAA") Private Capital Conference 2007 held at the Houstonian Hotel, Houston, Texas on the firm and the firm's views on private capital in the upstream oil and gas sector. For a copy of the presentation go to www.ipaa.org and look under IPAA Meetings and access recent presentations. Speech is also covered in Oil and Gas Investor, February 2007, "E & P Startups to Continue in 2007; Sector to Consolidate", pages 21-24 (see www.oilandgasinvestor.com).
December 11, 2006	In November, 2006 Eschelon Energy Partners portfolio company Saber Resources completed a transaction with Lehman Brothers whereby Lehman contributed Permian Basin oil properties it owned plus cash to Saber for a 43% interest in the company going forward. In addition, it provided a line of credit to Saber to assist in the further development of the company's properties. As a result of this transaction, Saber made a return of 50% of invested capital to its shareholders. This return of capital was at a 1.93 times initial valuation.
May 15, 2006	On May 11, 2006, Eschelon completed its investment in the Series A-2 units of Milagro Exploration("Milagro"). Founded in 2005 and based in Houston, Milagro is an oil and gas exploration and production company focused on the onshore Gulf Coast region of Texas and Louisiana. The team is led by Bob Cavnar, CEO, Rick Piacenti, CFO, and Jack Eells, SVP Exploration and Geoscience, all former senior executives of Mission and El Paso. Plainfield Asset Management of Greenwich, Connecticut is the lead investor.
September 28, 2005	On September 21, 2005 Eschelon completed its investment in the Series A Preferred Stock of Chroma Exploration and Production, Inc., a Gulf Coast focused oil and gas exploration and production company. Joining Eschelon as a major equity investors in the company are Wellington, D. E. Shaw, Macquarie Bank, and NGP Capital Resources. As the largest investor not also participating in the company's debt facility (led by NGP), Eschelon's Managing Partner, Tom Glanville, joined the company's board of directors. Other board members and individual investors in the preferred equity are Joe Foster, founder and former Chairman and CEO of Newfield Exploration (NYSE: NFX), and Steve Mikel, CEO of Chroma. The linked press release is from NGP. Click here for the link.
June 13, 2005	Need Funding? Capital Providers Tell How To Get Theirs
June 8, 2005	Eschelon Managing Partner Thomas S. Glanville Speaks at Cosco Capital Management and Oil and Gas Investor 2005 Private Capital for Energy Forum.