First Reserve makes senior promotions

First Reserve

First Reserve, a large global private equity firm exclusively focused on energy, has promoted two senior investment professionals within the Buyout Funds team. 

Effective January 1, 2014, Gary Reaves will serve as managing director. Reaves joined the firm in 2006 and spearheaded First Reserve’s recent sale of Brand Energy and the recently announced agreement to acquire TNT Crane & Rigging. Prior to joining First Reserve, he was an analyst in the Global Energy Group at UBS Investment Bank. As a managing director, he will continue to pursue opportunities primarily in the midstream and downstream sector.  He is based in the Houston office.

As of January 1, 2014, Will Brown will serve as director. He manages the firm’s investment in AFGlobal.  He also was a key figure in First Reserve’s 2012 sale of Acteon. Prior to joining First Reserve in 2006, Brown was an investment banking analyst for Banc of America Securities.  As a director, Brown plans to continue to focus on global opportunities in the energy equipment and services sector.  He is based in the Houston office.

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