Golden Gate Capital has named Jay Parkinson as an operating executive. In his new role, Parkinson will help expand the firm’s focus on the oil and gas sector. Previously, Parkinson worked at Nuverra Environmental Solutions where he served as an executive vice president and chief financial officer.
San Francisco, CA – January 6, 2015 – Golden Gate Capital today announced that it has entered into a partnership with energy industry executive Jay Parkinson. Mr. Parkinson will serve as an Operating Executive who will help expand the firm’s focus on the oil and gas sector and explore investments in the energy services, infrastructure and exploration and production (E&P) segments. The firm enjoys investment flexibility due to the nature of its perpetual fund structure, and will target private equity investments as well as public equity and debt securities in the sector.
Mr. Parkinson most recently served as Executive Vice President and Chief Financial Officer of Nuverra Environmental Solutions, Inc., a company focused primarily on providing full-cycle environmental, waste management and recycling solutions to the upstream energy sector. While at Nuverra, Mr. Parkinson helped position the Company as a multi-basin national service provider, with operations in leading unconventional basins including the Bakken, Marcellus, Utica, Eagle Ford, Permian and Haynesville plays.
Prior to joining Nuverra, Mr. Parkinson was a Managing Director in the Energy Investment Banking groupat Jefferies and Company, one of the leading energy groups on Wall Street, where he focused on upstream unconventional oil and gas. While at Jefferies he advised on a number of mergers & acquisitions, joint ventures and financing transactions in the energy sector.
Rajeev Amara, a Managing Director at Golden Gate Capital, commented, “We are excited to add Jay to the Golden Gate Capital team. We see tremendous opportunities in the energy services, infrastructure and E&P space, and Jay’s blend of operating, strategic, business development and financial experience will assist us greatly in immediately capitalizing on those opportunities. Additionally, we look forward to leveraging Jay’s expertise in his work with our existing portfolio of industrial companies to further develop their strategies around unconventional oil and gas.”
Mr. Parkinson added, “During the last downturn, I had the opportunity to work with Golden Gate Capital on their highly successful investment in U.S. Silica. We believe there are significant opportunities in the energy sector and Golden Gate Capital has the strategic vision and capital to take advantage of them. I look forward to bringing my industry experience to the Golden Gate Capital team as it expands its focus in this area.”
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $12 billion of capital under management. Golden Gate Capital is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types. Other notable industrials investments sponsored by Golden Gate Capital include U.S. Silica, EP Minerals, ArrMaz, Humanetics Innovative Solutions, Phillips-Medisize, Springs Window Fashions, Canada Fluorspar Inc. and Atrium Windows. For more information, visit www.goldengatecap.com.