BP Energy Partners Portfolio Company purchases assets of Thigpen Energy

Thigpen Solutions, a portfolio company of BP Energy Partners, has acquired the assets of Texas-based Thigpen Energy, a provider of natural gas virtual pipeline solutions. No financial terms were disclosed.
PRESS RELEASE
DALLAS, May 21, 2018 /PRNewswire/ — BP Energy Partners, LLC (“BPEP”) is pleased to announce an existing portfolio company of BPEP, Thigpen Solutions LLC (“Thigpen Solutions”) has acquired substantially all of the assets of Thigpen Energy, LLC and TRF Energy Solutions, LLC (collectively “Thigpen Energy”) for an undisclosed amount. The new entity will continue to operate under the Thigpen Energy name.
Thigpen Energy is a leader in the engineering, design, implementation and execution of turnkey projects to deliver liquefied natural gas (“LNG”), compressed natural gas (“CNG”) and field gas to pipeline operators and other industrial customers. In addition to serving and expanding the footprint with Thigpen Energy’s existing clients, the new entity will focus on other industrial end-users and markets including the oil and gas sector.
“I am very excited about the addition of Thigpen Energy’s team and assets to our organization,” said Sam Thigpen, Founder and CEO of Thigpen Solutions. “The hard work and dedication of the people at Thigpen Energy have produced a reputation for customer service that is second to none. The fleet of assets and the team’s experience provides us a strong foundation from which to grow in the natural gas solutions space. The ability to provide LNG, CNG, field gas, and other natural gas services, makes ours one of the most comprehensive service offerings in the market today.”

https://www.pehub.com/2018/05/pe-backed-thigpen-solutions-buys-thigpen-energy-assets/