Bridger LLC, formerly Bridger Group LLC, a crude oil marketing and midstream logistics company based in Dallas, Texas, has partnered with Riverstone Holdings LLC, an energy- and power-focused private equity firm. The companies have jointly committed to invest up to $300 million to further fuel Bridger’s growth strategy.
Bridger's integrated crude oil-focused midstream infrastructure platform provides logistics and marketing services across the energy value chain, with 300 crude-hauling trucks, 12 pipeline injection stations, 140,000 barrels of crude storage, two pipelines and additional pipeline capacity, 530 rail tank cars and 45,000 barrels per day of rail loading and unloading capacity connecting oil production to premium end markets. Bridger's operations span 11 states and include all major domestic crude oil production regions and basins, such as the Bakken, Rockies, Niobrara, Mid-Continent, Gulf Coast, Permian and Eagle Ford.
Founded in 2000, Riverstone has approximately $25 billion of equity capital raised across seven investment funds. The company conducts buyout and growth capital investments in the exploration and production, midstream, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London and Houston, the firm has committed approximately $22.6 billion to 100 investments in North America, Latin America, Europe, Africa and Asia.