Riverstone Puts Up $200M To Launch Houston Energy Co.

Law360, New York (October 31, 2013, 2:56 PM EDT) -- Energy private equity firm Riverstone Holdings LLC has committed $200 million to launch Abaco Energy Technologies LLC, a new Houston-based company that will acquire and develop energy manufacturing and service businesses, Abaco announced Thursday.

Abaco will focus primarily on manufacturing and services related to North American drilling, completion and production and infrastructure. It is headed up by Ken Babcock and Roger Rivet, the two former top executives at both Titan Specialties Ltd. and International Logging Inc., which were previously owned by Riverstone-affiliated entities.

Babcock, Abaco’s president...
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