PineBridge Structured Capital completed an $80 million subordinated debt financing for Empire Petroleum Partners, LLC, a portfolio company of American Infrastructure Funds. Empire is a wholesale distributor of branded and unbranded motor fuel in the United States. The capital will support its acquisition program.
New York – 12 October 2016 — PineBridge Structured Capital today announced it has completed an $80 million subordinated debt financing for Empire Petroleum Partners, LLC (“Empire”) to support the company’s acquisition program. Empire, a portfolio company of American Infrastructure Funds, is one of the largest privately-held wholesale distributors of motor fuel in the United States. Empire currently distributes branded and unbranded motor fuel to over 1,300 retail fuel outlets across 25 states and the District of Columbia.
About PineBridge Structured Capital
PineBridge Structured Capital provides customized, non-control junior capital solutions to privately-owned middle-market companies. The group’s approach is to be a flexible and constructive business partner to private business owners and financial sponsors.
About PineBridge Investments
PineBridge Investments is a global asset manager with experience in emerging and developed markets, and investment capabilities in multi-asset, fixed income, equities and alternatives. Our firm is differentiated by the integration of on-the-ground investment teams of more than 210 professionals, providing investors with the combined benefits of global fundamental perspectives and analytical insights. We manage $80.7 billion as of 30 June 2016 for a global client base that includes institutions, insurance companies and intermediaries.
About American Infrastructure Funds
American Infrastructure Funds (AIM) is a leading private investment firm bringing innovative investment capital to support the growth of infrastructure, real property and natural resource-related businesses. With $2.5 billion of equity capital under management, AIM’s strategy is designed to provide unique advantages for the owners, management teams and businesses in which it invests, while creating attractive returns and tax-advantaged current income for investors. For more information, visit www.aimlp.com.