ICE Thermal emission-free pilot program launches
ICE Thermal Harvesting of Houston and CNX Resources have partnered on a pilot project to generate 100 percent emission-free, locally sourced power for use in CNX’s operations, the companies announced.
Phase One of the project, at CNX’s Dry Ridge compressor station in West Virginia, captures and converts engine exhaust heat produced at the compression site to supply ICE’s patented heat-topower systems. The project aims to reduce 1,325 metric tons of carbon annually during Phase One, scaling up to a reduction of nearly 4,000 metric tons of carbon annually throughout later phases.
Third Coast balance sold to ArcLight
ArcLight Capital Partners said last week it closed its ArcLight 3C SPV fund with $407 million in capital commitments. The Fund held its initial closing in July and acquired the remaining 25.1 percent interest in Third Coast Super Holdings from an affiliate of ArcLight Energy Partners Fund V.
Houston-based Third Coast is a Gulf Coast and Gulf of Mexico midstream infrastructure platform focused primarily on serving eastern deepwater and shallow water Gulf of Mexico producers with access to Gulf Coast markets. It owns all or part of approximately 1,200 miles of interstate and intrastate pipelines, a gas processing plant and two offshore semisubmersible floating production systems.
Main Street eyes equipment firm
Houston-based Main Street Capital completed a follow-on investment in Gamber-Johnson, an existing portfolio company. Founded in 1954
and headquartered in Stevens Point, Wis., Gamber-Johnson is a supplier of rugged mounting solutions and cases that safely secure and protect mobile communication systems, computers and other electronic equipment in fleet and public safety vehicles, forklifts, semitrucks, and professional audiovisual applications.
Majority stake in FloWorks traded
Clearlake Capital Group completed the sale of a majority interest in Pasadena-based FloWorks International to Wynnchurch Capital. Clearlake will retain a minority stake in the go-forward business. Financial terms of the transaction were not disclosed. FloWorks is a specialty flow control distribution platform focused on non-discretionary maintenance, repair and replacement activities. FloWorks completed seven acquisitions under Clearlake’s ownership.