Press

SUMMIT TERMINALING, LLC SECURES EQUITY COMMITMENT LED BY EIV CAPITAL


Cumming, GA, (May 22, 2019) – Summit Terminaling, LLC (“Summit”), a growth-oriented energy infrastructure company focused on acquiring and developing bulk liquids terminal projects, today announced an equity commitment led by EIV Capital (“EIV”), a private equity firm focused on the energy industry. The investment will allow Summit to construct, own and operate terminal assets in the United States.Summit is based in Cumming, Georgia and led by Mike Turchi, Steve Turchi and Melissa Dugan. The executive team collectively has 100+ years of diverse bulk liquids terminal experience across commercialization, engineering, construction, operating, finance, M&A, private equity, strategy and origination. Summit offers multi-faceted services to the upstream, midstream and downstream sectors including producers, refiners, manufacturers, traders, processors, terminal operators and end-users of bulk liquid commodities offering all modes of transportation. With more than 30 terminals developed to date, Summit's diverse product experience includes crude oil, refined products, petrochemicals, LPG, base oils, asphalts, fertilizers and renewable fuels. All service offerings are tailored to meet specific client requirements with a strong emphasis on safety, quality and customer satisfaction.Mike Turchi, Summit Terminaling, LLC CEO, said: “We are excited to be partnered with EIV and their team of seasoned industry professionals. The principals of Summit have devoted the majority their 35+ year careers to this space and have hands on experience across the entire carbon chain. Our partnership with EIV provides Summit with an enhanced platform to continue our strategy to build a portfolio or owned and operated terminal assets.”Patti Melcher, EIV Capital Co-Founder & Managing Partner, said: “We are pleased to partner with Summit as it builds, operates and commercializes terminal assets. Given that U.S. oil and gas production and volumes of refined products and chemicals continue to increase, Summit will provide the logistics and storage necessary to alleviate bottlenecks in constrained marketplaces.”About Summit Terminaling, LLCFormed in 2019, Summit Terminaling, LLC is an augmentation of Summit Terminaling Services, LLC, formed in 2001, and provides entrepreneurial, practical and cost-effective services to the terminaling industry. Summit‘s main focus is developing, operating and commercializing terminal assets and infrastructure throughout the United States. The company is headquartered in Cumming, Georgia. For more information, please visit www.summitterm.com.About EIV CapitalFounded in 2009, EIV Capital is a Houston-based private equity firm specializing in providing growth equity to the North American energy industry. EIV Capital focuses on midstream and related service businesses with an emphasis on energy infrastructure and businesses involved in the processing, transportation, storage, or conversion of oil, natural gas and refined products. The firm's management has extensive experience leading and investing in successful companies across the energy value chain. For more information, please visit www.eivcapital.com.CONTACT: Summit Terminaling, LLC EIV Capital Mike Turchi Greg Davis miketurchi@summitterm.com gdavis@eivcapital.com



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://summitterm.com/news/summit-secures-equity-...

terminalStorageFunding

More items from kacey


MICROSEISMIC ANNOUNCES FRACRX®

Houston, TX and Denver, CO – July 22, 2019 –   Today at the Unconventional Resources Technology Conference in Denver, MicroSeismic, Inc. (MSI), announced FracRx , a data analytics company focused solely on helping E&P companies, operating in unconventional basins, increase net present value (NPV ...

Kacey White


Posted 17 days agoPress > FrackingEnergyunconventional

PIDX INTERNATIONAL RELEASES SUPPLY NOTIFICATION STANDARD

Houston, TX – June 26, 2019 – The Petroleum Industry Data Exchange, Inc. (PIDX) recently released the Supply Notification standard, available royalty-free at http://www.pidx.org/supply-notification/ . This standard provides a proactive means of communication among suppliers, trading partners, and ...

Kacey White


Posted 1 month agoPress > standardsEnergyupstream

DATA GUMBO JOINS PIDX INTERNATIONAL

DATA GUMBO JOINS PIDX INTERNATIONAL Houston, TX - June 13, 2019 - The Petroleum Industry Data Exchange, Inc. ( PIDX ) announced today that Data Gumbo has joined the organization as a member. Data Gumbo provides IIoT-integrated Blockchain technology and smart contracts to companies that operate ...

Kacey White


Posted 2 months agoPress > Blockchain in EnergyDigitizationEnergy

ONE Future Welcomes Williams

ONE Future Welcomes Williams -Natural Gas Coalition membership reaches 17- June 11, 2019 – Our Nation's Energy Future (ONE Future) announced today that Williams (NYSE: WMB) has joined the coalition, bringing the total number of member companies to 17.  Williams is an energy infrastructure co ...

Kacey White


Posted 2 months agoPress > emissions reductionMethanemethane emissions

MICROSEISMIC ANNOUNCES DR. ALASDAIR BROWN AS VICE PRESIDENT OF ENGINEERING

Houston, TX - May 15, 2019 –   MicroSeismic, the leader in microseismic monitoring and real-time completion evaluation for the upstream energy industry, announced today that Dr. Alasdair Brown has joined the company as Vice President of Engineering. Brown is a strategic leader with more than thirty ...

Kacey White


Posted 3 months agoPress > fracingEnergyFracking +1
All posts from kacey