Renegade Infrastructure LLC Closes Inaugural Equity Commitment From Energy Spectrum Capital
Renegade Infrastructure has announced securing an inaugural equity capital commitment from Energy Spectrum Partners VIII LP. The Houston-based company, established in late 2024, focuses on developing and acquiring midstream energy infrastructure across North America's Lower 48. Drew Ward, Renegade's Founder & CEO, previously led the successful sale of Pinnacle Midstream II to Phillips 66 (NYSE: PSX) in July 2024.
The executive team includes Partner & CFO Jason Tanous, who brings 18 years of industry experience and previously served at Pinnacle Midstream I & II. J. Greg Sargent, Founder and CEO of the Pinnacle Midstream franchises, has been appointed as Senior Advisor to the Renegade Board of Managers. This marks the second partnership between Ward, Tanous, and Energy Spectrum Capital.
Renegade Infrastructure ha annunciato di aver ottenuto un impegno di capitale azionario inaugurale da parte di Energy Spectrum Partners VIII LP. La compagnia con sede a Houston, fondata alla fine del 2024, si concentra sullo sviluppo e l'acquisizione di infrastrutture energetiche midstream negli Stati Uniti continentali del Nord America. Drew Ward, Fondatore e CEO di Renegade, ha precedentemente guidato la vendita di Pinnacle Midstream II a Phillips 66 (NYSE: PSX) nel luglio del 2024.
Il team dirigenziale include il Partner e CFO Jason Tanous, che porta con sé 18 anni di esperienza nel settore e ha precedentemente lavorato presso Pinnacle Midstream I & II. J. Greg Sargent, Fondatore e CEO delle franchigie Pinnacle Midstream, è stato nominato Senior Advisor del Consiglio di Amministrazione di Renegade. Questo segna la seconda collaborazione tra Ward, Tanous e Energy Spectrum Capital.
Renegade Infrastructure ha anunciado la obtención de un compromiso inaugural de capital de acciones por parte de Energy Spectrum Partners VIII LP. La empresa con sede en Houston, establecida a finales de 2024, se centra en el desarrollo y adquisición de infraestructura energética midstream en los 48 estados del continente norteamericano. Drew Ward, Fundador y CEO de Renegade, lideró anteriormente la exitosa venta de Pinnacle Midstream II a Phillips 66 (NYSE: PSX) en julio de 2024.
El equipo ejecutivo incluye al socio y CFO Jason Tanous, quien aporta 18 años de experiencia en la industria y ha trabajado anteriormente en Pinnacle Midstream I & II. J. Greg Sargent, Fundador y CEO de las franquicias Pinnacle Midstream, ha sido nombrado Asesor Senior del Consejo de Administración de Renegade. Esta es la segunda asociación entre Ward, Tanous y Energy Spectrum Capital.
레니게이드 인프라스트럭처는 Energy Spectrum Partners VIII LP로부터 첫 번째 주식 자본 약정을 확보했다고 발표했습니다. 2024년 말에 설립된 이 휴스턴 기반 회사는 북미의 48개 주 전역에서 에너지 중간 인프라를 개발하고 인수하는 데 집중하고 있습니다. Drew Ward는 레니게이드의 창립자이자 CEO로서 2024년 7월 Phillips 66 (NYSE: PSX)에 Pinnacle Midstream II의 성공적인 매각을 이끌었습니다.
경영진 팀에는 18년의 산업 경험을 가진 파트너이자 CFO인 Jason Tanous가 포함되어 있으며, 그는 이전에 Pinnacle Midstream I & II에서 근무했습니다. Pinnacle Midstream 브랜드의 창립자이자 CEO인 J. Greg Sargent는 Renegade 이사회에 수석 고문으로 임명되었습니다. 이는 Ward, Tanous 및 Energy Spectrum Capital 간의 두 번째 협력입니다.
Renegade Infrastructure a annoncé avoir sécurisé un engagement inaugural en capital d'actions de la part d'Energy Spectrum Partners VIII LP. Cette entreprise basée à Houston, fondée fin 2024, se concentre sur le développement et l'acquisition d'infrastructures énergétiques de type midstream à travers les 48 États du continent nord-américain. Drew Ward, fondateur et PDG de Renegade, a précédemment dirigé la vente réussie de Pinnacle Midstream II à Phillips 66 (NYSE: PSX) en juillet 2024.
L'équipe dirigeante comprend le partenaire et CFO Jason Tanous, qui apporte 18 ans d'expérience dans le secteur et a précédemment travaillé chez Pinnacle Midstream I & II. J. Greg Sargent, fondateur et PDG des franchises Pinnacle Midstream, a été nommé conseiller senior du conseil d'administration de Renegade. Cela marque le deuxième partenariat entre Ward, Tanous et Energy Spectrum Capital.
Renegade Infrastructure hat bekannt gegeben, dass sie ein erstes Eigenkapitalengagement von Energy Spectrum Partners VIII LP gesichert haben. Das in Houston ansässige Unternehmen, das Ende 2024 gegründet wurde, konzentriert sich auf die Entwicklung und Akquisition von Midstream-Energieinfrastruktur in den unteren 48 Bundesstaaten Nordamerikas. Drew Ward, Gründer und CEO von Renegade, leitete zuvor den erfolgreichen Verkauf von Pinnacle Midstream II an Phillips 66 (NYSE: PSX) im Juli 2024.
Das Führungsteam umfasst Partner und CFO Jason Tanous, der 18 Jahre Branchenerfahrung mitbringt und zuvor bei Pinnacle Midstream I & II tätig war. J. Greg Sargent, Gründer und CEO der Pinnacle Midstream-Franchises, wurde als Senior Advisor in den Renegade Board of Managers berufen. Dies markiert die zweite Partnerschaft zwischen Ward, Tanous und Energy Spectrum Capital.
- Recent successful track record with sale of Pinnacle Midstream II to Phillips 66 (PSX)
- Secured equity capital commitment from Energy Spectrum Partners VIII LP
- Management team brings extensive industry experience (17+ years)
- None.
Insights
The formation of Renegade Infrastructure with backing from Energy Spectrum Capital represents a strategic development in the midstream energy sector, with particular relevance to Phillips 66 (PSX) investors. The transaction's significance stems from multiple layers:
1. Strategic Implications: The management team's previous successful exit through the sale of Pinnacle Midstream II to PSX demonstrates their ability to build and monetize valuable midstream assets. This new venture could potentially represent future M&A opportunities for PSX, as the company continues to expand its midstream footprint.
2. Market Intelligence: The formation of Renegade Infrastructure signals continued private equity interest in midstream infrastructure development, particularly in the Lower 48 region. This validates PSX's strategic focus on midstream assets and suggests sustained market opportunity in this segment.
3. Competitive Dynamics: The venture's focus on relationship-driven organic greenfield projects and strategic producer partnerships aligns with current market demands. For PSX investors, this indicates:
- Potential future acquisition targets as Renegade develops its asset portfolio
- Competitive pressure in key basins where PSX operates
- Validation of the midstream sector's growth potential
4. Management Expertise: The leadership team's track record is particularly noteworthy, with Drew Ward and Jason Tanous having successfully executed multiple private equity exits. Their previous experience with PSX through the Pinnacle Midstream II transaction suggests potential for future strategic alignment.
- Second partnership between Founder & CEO, Drew Ward, Partner & CFO Jason Tanous and Energy Spectrum
- The Company has secured initial equity commitments from management and Energy Spectrum Partners VIII LP
- Partnership follows the successful sale of Pinnacle Midstream II to Phillips 66 (NYSE: PSX) in July 2024
Founder & Executive Management Team
The Renegade executive management team is led by Founder and CEO Drew Ward, an industry veteran with a 17-year track record of strong value creation across a broad spectrum of energy companies including Crosstex Energy, Kinder Morgan, Twin Eagle Resource Management and the Pinnacle Midstream franchises. He has successfully monetized two previous private equity backed midstream companies.
Joining Mr. Ward as a Partner and member of the Renegade executive management team is CFO Jason Tanous who was part of the successful management team at Pinnacle Midstream I & II, LLC. Mr. Tanous brings eighteen years of industry and executive financial management experience, having most recently served as CFO at Pinnacle I & II. Prior to his time with Pinnacle, Mr. Tanous was a founding partner of PSI Midstream, a private equity-backed midstream startup where he had numerous financial responsibilities.
Lastly, Renegade has appointed J. Greg Sargent, Founder and CEO of the Pinnacle Midstream franchises, as well as Founder and CEO of Transtex Gas Treating to serve as Senior Advisor to the Renegade Board of Managers.
Founder & CEO Perspective
“I am excited to partner with Energy Spectrum for the second consecutive time,” said Drew Ward, Founder and CEO of Renegade. “Our leadership team has a strong track record of developing safe, timely, and cost-effective midstream solutions in premier oil and gas regions across the
From Energy Spectrum Capital
“The foundation of a great company starts with its management team so we are excited to establish another partnership with Drew, Jason and the entire Renegade team,” said Managing Partner Mike Mayon. “The team’s creativity and solutions-oriented approach are differentiators, and we believe Renegade can continue to build on the strong track record of its management team. We are grateful for this partnership and look forward to the journey ahead.”
About Renegade Infrastructure LLC
Headquartered in
About Energy Spectrum Capital
Founded in 1995, Energy Spectrum Capital is a
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Drew Ward
Founder & CEO
Renegade Infrastructure LLC
info@renegadeinfra.com
Source: Renegade Infrastructure LLC
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