(Source: Datamonitor)
Delphi Midstream Partners, a newly formed energy investment company, has received an equity commitment from American Securities in support of a strategy to invest in and acquire up to $2 billion of midstream energy sector companies and assets.
The founding partners of Delphi Midstream Partners (DMP) are Thomas Karam, president and CEO of DMP, and Michael Walsh, senior vice president of DMP.
Mr Karam has over 20 years of energy sector experience, most recently serving as president and COO of Southern Union Company. Mr Walsh was a partner and founding member of Highstar Capital before establishing DMP, where he was responsible for Highstar's investments in the midstream energy sector.
Mr Karam said: "We are delighted to have American Securities as our partner in DMP. Our combination of midstream sector expertise, professional network and financial resources will allow DMP to quickly identify, evaluate and act on opportunities to invest in North American midstream energy businesses and assets.
"With our operating expertise and American Securities's financial support, we believe DMP is uniquely positioned to build a portfolio of world-class midstream energy companies."
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