Five Point pumps $400M into new platform WaterBridge Resources
January 08, 2016
Energy-focused buyout shop Five Point Capital Partners has formed WaterBridge Resources with a commitment of up to $200 million in equity and $200 million in debt. WaterBridge will develop, acquire and operate flowback and produced water infrastructure for oil and gas producers. The company will look to partner with oil producers to drive down costs associated with water disposal, as well as buy water assets outright.