HOUSTON, April 23, 2013 /PRNewswire/ -- U.S. Capital Advisors LLC ("USCA") is pleased to announce that it has made a $24.1 million preferred equity investment into Badger Midstream Energy, LP ("Badger Midstream"), a newly formed midstream energy company. The preferred equity investment from USCA clients combined with the significant investment from the company's general partner and an additional outside investor allowed Badger Midstream to complete its acquisition of Midstream Energy Services (MES), a private midstream company based in Tulsa, Oklahoma.
David King, one of USCA's two managing partners said, "We are very pleased to have the opportunity to partner with Badger Midstream. This is an exceptional management team with over 115 years of combined midstream experience and demonstrated technical and commercial expertise in the gathering and processing business."
From Badger Midstream
Badger Midstream is pleased to announce its recent acquisition of 100% of Midstream Energy Services, LLC and the contribution by High Point Energy, LLC of 100% of Dry Trails Midstream Energy, LLC which will now form the base set of assets under Badger.
Badger's CEO, Alex Bucher said, "We are excited about the opportunity to improve the commercial and technical operations associated with the high quality MES facilities. Our primary goal now is to increase the utilization, optimization, and performance of these combined assets. In doing so, we believe that our partners, customers and employees will realize significant enhanced benefits."
Locke Lord LLP served as legal counsel to Badger Midstream Energy, LP. Munsch Hardt Kopf & Harr PC represented U.S. Capital Advisors.
About Badger Midstream Energy, LP
Based in Houston, Texas, Badger Midstream is a newly formed private midstream energy company that is focused on the acquisition, enhancement and operation of existing midstream assets and the development of new assets in the midstream gathering, compression, treating, processing and transportation businesses across the Southwestern United States.
About U.S. Capital Advisors LLC
Based in Houston, Texas, USCA is an integrated financial services boutique with primary business lines in Wealth Management, Institutional Client and Investment Banking. The firm provides a full range of advisory services and solutions to high net worth individuals, family offices, institutional and corporate clients. Founded in 2010, USCA has a focus on energy and energy infrastructure sectors that runs through every business line of the firm. Securities offered through USCA Securities LLC, Member FINRA/SIPC, and investment advisory services offered through USCA RIA LLC.
SOURCE U.S. Capital Advisors LLC