| 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 towww.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). |