ESG Solution to Contract Gas Compression – Monarch Resource Partners

In December 2021, Monarch Resource Partners LLC (“Monarch”) completed its initial equity capital raise which will provide Monarch with the growth capital it needs to build the industry’s leading 100% electric drive gas compression company.  The equity raise was oversubscribed and anchored by Table Rock Group and Appareo Capital and includes several seasoned energy industry executives as investors. In January of 2022, Monarch closed on a senior credit facility with Woodforest National Bank to provide additional growth capital for the Company.  

About Monarch

Monarch provides natural gas contract compression services with its zero-emission electric drive EcoFlex™ compressor fleet.  Monarch also provides contract operations for customer-owned compression as well as turnkey solutions for compressor facility design and construction.

The monarch was founded in February 2021 by Brett Schubert – President and CEO, Randy Garcia – Vice President of Operations, and Kolten Kelley – Vice President of Sales.  

Monarch’s EcoFlex™ compressor package utilizes an exclusive E-Skid™ design allowing customers to take advantage of a modular variable frequency drive solution new and innovative to the contract gas compression industry.   Schubert stated, “Our EcoFlex™ fleet provides customers with increased volumetric flexibility, superior reliability, and an ESG compression alternative that eliminates the greenhouse gas (GHG) emissions of a traditional gas-driven compression package. While we are excited about the technology we are offering, internally we remain focused on a vision of providing our team and customers consistent, exceptional service in a work environment that focuses on family, professional growth, and pride in the product and commitment to service we deliver.”

Monarch also provides contract operations for customer-owned compression as well as turnkey solutions for compressor facility design and construction. Garcia and Kelley both agreed, “Both our customers and team deserve consistency in what we provide – and it is our goal to provide both with an exceptional experience when it comes to the service and support we offer – regardless of who owns the equipment.”

About the Capital Raise

The equity raise was substantially oversubscribed and provides strong support for Monarch to establish itself as the natural gas compression industry leader focusing on transitioning to a more sustainable and environmentally responsible compression service offering for the oil & gas industry.  

“We are excited to be part of the growth and development of Monarch and to provide capital and support to Brett, Randy, and Kolten as they build a world-class electric compression company.  The existing installed base of gas-drive compression infrastructure has become one of the oil and gas industry’s single largest sources of carbon emissions and Monarch’s electric alternative will play a significant role in the industry’s efforts to decarbonize.” – Jerad McMayon, Managing Partner of Table Rock Group

“We are thrilled to partner with Monarch and its best-in-class, proven management team as Monarch introduces the first zero-emission electric drive compression fleet for natural gas compression. Monarch’s EcoFlex™ electric compression units provide the industry with a much-needed ESG friendly solution for lowering emissions and at a lower total cost of ownership than the legacy industry alternative, a win-win for Monarch’s customers.” – Todd Binet, Principal and Founder of Appareo Capital  

“Woodforest National Bank is pleased to be the agent bank providing senior debt capital financing for Monarch, which is led by a management team and investor base with a proven track record of delivering value to its clients and creating jobs for our communities.” –  Chris Dvorachek, Executive Vice President and Managing Director of Middle Market Banking.

More about Table Rock Group, Appareo Capital, and Woodforest National Bank

Table Rock Group, based in Houston, is an independent sponsor focused on lower middle market buyouts and growth capital for entrepreneurial-led and family-owned businesses.

Appareo Capital is a middle-market family office/private equity firm focused on working with owners who are pursuing exit strategies, recapitalizations, reorganizations, or growth capital. Appareo provides operational and financial support to solid management teams that are seeking to grow and build meaningful businesses.

Woodforest, headquartered in The Woodlands, TX, supports middle-market companies throughout a 17-state footprint with commercial teams located in The Woodlands, Houston, and Dallas, TX, Charlotte, NC, Fort Lauderdale and Tampa, FL, and Atlanta, GA.

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