HOUSTON, January 17, 2025 /PRNewswire/ — Park Genesis announced today that its portfolio company Flowco (NYSE: FLOC) has launched a successful initial public offering. Flowco was created through a merger Flowco production solutionsEstis compression and Phlogistix. Park Genesis invested in It’s compression in 2019 together Global energy capital (“GEC”).
Park Genesis announced that its portfolio company Flowco (NYSE: FLOC) has launched a successful initial public offering.
Flowco is one of the most comprehensive providers of production optimization and artificial lift solutions, including high pressure gas lift, traditional gas lift, piston lift and steam recovery. Headquarters in Houston, Texas with approximately 1,300 employees, Flowco operates in every major domestic oil and gas basin, with a growing international presence. Flowco serves 22 of the top 25 manufacturers in the United States.
Three local investment companies, GEC, The energy of the white deer and Park Genesis worked together to achieve this powerful combination. Jonathan Fairbanks will chair the Committee.
“The combined business creates a number of well optimization opportunities at every point in the production life cycle,” he said Paul HobbyManaging Partner of Park Genesis. Hobby, who joined Flowco’s Board of Directors, continued, “The combination of the three companies together increases production and uptime with minimal fugitive emissions. Flowco represents an important step forward in improving oilfield technologies.”
Flowco presents Genesis Park’s the second successful public offering of Genesis Park II, LP. Portfolio; Redwire (NYSE:RDW) to be the first.
About Genesis Park
Genesis Park is Houstona platform for investing in debt and equity. His latest investment fund, general practitioner Capital Partners (WA:) II, LPis licensed as Investment company for small businesses (“SBIC”) by US Small Business Administration. Genesis Park supports growth and later stage lower middle market businesses through flexible debt and equity solutions and strategic leadership. Genesis Park targets companies with proven business models and experienced management teams. For more information, visit www.genesis-park.com.
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