Tri-Point, a portfolio company of First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy, today announced the acquisition of three companies that specialize in oil and gas production and processing equipment and associated services, bringing together complementary products and solutions with national reach for onshore upstream and midstream customers.

Tri-Point, led by an accomplished management team, expects these acquisitions to work synergistically to build and enhance the company's equipment and service offerings:

• Leed Fabrication Services ("Leed") is based in Brighton, Colorado and manufactures a wide range of wellhead production equipment and emission control devices as well as providing complementary field services and technical support;
• Streamline Production Systems ("Streamline") is based in Kountze, Texas and provides engineered solutions for production and related equipment, including custom production equipment solutions and fully engineered modular production systems; and
• Superior Fabrication ("Superior") is based in Elk City, Oklahoma and specializes in the manufacture of oil and gas production and processing equipment for upstream, midstream and downstream customers.

Each of these companies has what First Reserve believes are strong market positions within their respective regions or customer base, providing Tri-Point with access to some of the most prolific shale plays in the U.S. including the Anadarko, DJ, Permian and Eagle Ford Basins.

Britt Schmidt, CEO of Tri-Point commented, "When we started Tri-Point, we did so with a bold vision to bring together high-performing companies to create a brand with the technical capability and physical footprint that could support customers on a national scale. This is an important step forward in realizing that vision, and we are excited to integrate these companies into our team. Leed, Streamline and Superior are, in our view, all leaders in their field, and together as part of the Tri-Point brand, will provide a strong foundation for us to build upon to better serve our customers."

Gary Reaves and Neil Wizel, Managing Directors at First Reserve, commented, "We believe Tri-Point is well-positioned to provide differentiated surface production solutions to the market, as its customers continue to focus on driving production efficiencies. We are pleased to see the company expanding its geographic footprint and growing and diversifying its product and service offerings, which should allow for even further benefit during the early stages of a recovery in the North American onshore oil and gas market. We are excited to continue to work with Britt Schmidt, David Lucke and the rest of Tri-Point's experienced team to further drive value for the company's customers."

Financial details of the transactions were not disclosed.

About Tri-Point

Tri-Point brings together high-performing, complementary products and services with national-scale infrastructure, centered on oil and gas production and process equipment and services. The company was co-founded by Britt Schmidt and David Lucke, experienced oil and gas executives, with the vision of creating a differentiated national brand that has the technical capability to more efficiently fulfill customer needs.

Tri-Point is a portfolio company of First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy. For more information about Tri-Point, visit www.tri-pointllc.com.

About First Reserve

First Reserve is a leading global private equity and infrastructure investment firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised approximately USD $31 billion of aggregate capital since inception. Putting these to work, First Reserve has completed approximately 600 transactions (including platform investments and add-on acquisitions), creating several notable energy companies throughout the Firm's history. Its portfolio companies operate on six continents, spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services and infrastructure. For more information, please visit www.firstreserve.com.