January 13, 2021
HOUSTON — (BUSINESS WIRE) — EIV Capital, LLC (“EIV”), an energy focused private equity firm, and ARM Energy Holdings, LLC (“ARM”), a premier producer services firm providing innovative solutions across the energy value chain, today announced a partnership to establish ARM Resource Partners, LLC (“ARM Resources”), an upstream joint venture that will focus on making certain investments in various non-operating working interests, producing and non-producing mineral interests, royalty interests and other passive investments within the United States.
ARM Resources will be led by Claire Harvey, an industry and investment veteran, who most recently founded Gryphon Oil and Gas, a Blackstone-sponsored company focused on acquiring non-operated oil and gas interests in the Permian Basin. Mrs. Harvey commented, “I am excited to lead the ARM Resources team as we partner with EIV to build a best-in-class upstream investment platform focused on acquiring passive oil and gas interests across the Lower 48. The combination of EIV’s investment expertise and backing, along with ARM’s decades-long, proven track record of providing outstanding advice and service to its clients makes this venture advantageous for both ARM’s current client base and new producers.”
Greg Davis, EIV Partner, said, “We are grateful to announce the formation of ARM Resources and our new partnership with Claire Harvey and ARM. This strategic combination of talented leadership creates an ideal platform to access upstream opportunities during, what EIV views as, a compelling time to invest. We look forward to helping producers meet their strategic needs and working collectively to navigate challenging times.”
Zach Lee, Chief Executive Officer of ARM, said “We are elated to partner with EIV on this important venture, especially during this critical time in our industry. We feel strongly that the risk-reward paradigm in upstream oil and gas has never been better and we are confident we can provide win-win solutions for our producer partners and for ARM Resources. Additionally, we are pleased to welcome Claire Harvey to the ARM family, as we have known and respected her for years.”
About EIV Capital, LLC
Founded in 2009, EIV Capital, LLC is a Houston-based private equity firm specializing in providing growth equity to the North American energy industry. EIV focuses on midstream and related service businesses with an emphasis on energy infrastructure and businesses involved in the processing, transportation, storage, or conversion of oil, natural gas, renewable fuels and refined products. The firm’s management has extensive experience leading and investing in successful companies across the energy value chain. For more information, please visit www.eivcapital.com.
About ARM Energy Holdings, LLC
Headquartered in Houston, with offices in Calgary and Denver, ARM Energy Holdings, LLC is a premier producer services firm, active in every sector of the energy value chain across all major North American oil and gas basins. Its integrated, diversified portfolio includes Asset Risk Management, LLC, providing risk management and hedging strategies for producers; ARM Energy Management LLC, providing physical oil and gas marketing, transportation and asset management services and trading; and ARM Midstream, LLC, providing midstream investment, infrastructure development and operations. For more information, please visit www.armenergy.com.
Sard Verbinnen & Co.
Kelly Kimberly, +1 713 822 7538