Edgewater Midstream Adds Strategic Horsepower with New CFO
- David Anders joins Edgewater Midstream from Bank of America’s Energy Investment Banking Group.
- Anders brings 17 years of midstream mergers and acquisitions and capital markets investment banking experience.
- Edgewater is backed by an initial $400 million capital commitment from EnCap Flatrock Midstream.
- Edgewater is pursuing the acquisition and organic development of crude oil, refined products and other bulk liquids logistics assets.
HOUSTON – March 26, 2020 – Edgewater Midstream, LLC (“Edgewater”) today announced David Anders has joined the company as its chief financial officer. Edgewater is an independent midstream energy company targeting the acquisition and greenfield development of pipeline, bulk liquids storage and terminal operations serving North American energy demand hubs. Edgewater’s business plan is to provide midstream logistics solutions to refiners, producers and marketers of crude oil, refined products and other bulk liquids. The company is backed by an initial $400 million capital commitment from EnCap Flatrock Midstream.
Mr. Anders comes to Edgewater after a 17-year tenure in Bank of America’s Energy Investment Banking Group, where he focused on the midstream sector. During his tenure, he led the evaluation, structuring and execution of mergers, acquisitions and divestitures as well as initial public offerings, follow-on equity offerings and debt offerings for public and private companies and partnerships in the midstream sector.
Mr. Anders most recently served as managing director in Bank of America’s Natural Resources Group. He received a Bachelor of Arts degree in economics from Harvard University and a Master of Business Administration from the University of Texas McCombs School of Business.
“We are excited to have David join Edgewater,” said Edgewater CEO Stephen Smith. “He adds depth to our bench strength, bringing with him considerable M&A and capital markets experience in the midstream space. His strategic insight and broad range of financial capabilities will be tremendous assets and complement our experienced management team as we seek M&A and greenfield opportunities that benefit all parties at the table.”
Edgewater is led by its three founders: Chief Executive Officer Stephen Smith, Chief Commercial Officer Brian Thomason and Chief Operating Officer Mike Truby. The addition of Chief Financial Officer David Anders rounds out the C-suite. The Edgewater management team now has approximately 90 years of energy industry and energy finance experience, including senior leadership roles at companies that include Genesis Energy, LP (NYSE: GEL); Motiva Enterprises, LLC; ConocoPhillips (NYSE: COP), NuStar Energy, LP (NYSE: NS).
About Edgewater Midstream, LLC
Based in Houston and established in late 2019, Edgewater Midstream provides independent midstream solutions to refiners, producers and marketers of crude oil, refined products and other bulk liquids. The company will focus on the acquisition or organic development, development and operation of pipeline, bulk liquids storage and terminal solutions between and in proximity to major North American petroleum demand hubs. Visit www.edgewatermidstream.com for more information.
About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund. Further information is available at www.efmidstream.com.
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