Amerisource Business Capital participated in an equity co-investment in a common equity raise for Monarch Resource Partners in June.
Monarch Resource Partners provides zero-emission natural gas contract compression services with its electric drive EcoFlex compressor fleet. Its fleet now serves several operators in the Permian and Eagleford Basins.
“Our EcoFlex fleet provides customers with numerous benefits, including an ESG compression alternative that eliminates greenhouse gas (GHG) emissions of a traditional gas-drive compression package,” Brett Schubert, president and CEO of Monarch Resource Partners, said.
“We were pleased to add the Monarch investment to our emerging private equity investment portfolio,” Bill Herrington, executive vice president of Amerisource Business Capital, added, The Monarch team has developed an innovative product that supports the critical natural gas industry in a cleaner, environmentally friendly process.”
