The Power of Innovation: GEC Successfully Closes Continuation Fund for Estis

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In the ever-evolving world of energy technology, innovation is key to meeting the rising demand for cleaner energy. GEC, an energy technology focused growth private equity firm based in Houston, Texas, is leading the charge with its recent announcement of the successful closing of a continuation fund for one of its portfolio companies, Estis. With a capitalization of $215 million, this fund transaction represents a significant milestone for GEC and highlights the growing importance of disruptive artificial lift technology in the energy sector.

Estis, the pioneer and market leader of High Pressure Gas Lift (HPGL), has been a game-changer since its acquisition by GEC in 2019. The company's exponential adoption of HPGL technology has led to a remarkable 5x increase in EBITDA, positioning Estis as a force to be reckoned with in the artificial lift market. With industry-leading EBITDA margins, returns, and free cash flow, Estis has become a powerhouse in the industry. Headquartered in Kilgore, Texas, the company boasts a dedicated team of 273 employees.

Jonathan Fairbanks, GEC's Managing Partner, expressed his pride in Estis' success and the attractive returns generated for existing investors. He believes there is significant embedded value in Estis moving forward, and the partnership with a consortium of new institutional investors underscores their shared vision for the company's growth.

The transaction also featured Kline Hill Partners, the sole lead secondaries buyer, further emphasizing the conviction surrounding Estis' continued potential. David Swanson, a Managing Director at Kline Hill Partners, shared his enthusiasm for the transaction, stating that assets like Estis, operating in sectors with strong secular tailwinds, are poised for continued growth.

The successful completion of the transaction was made possible with the guidance of Abhi Mitra and his team at UBS, who served as the financial advisor. Proskauer Rose LLP played a crucial role as the legal advisor to GEC, ensuring a smooth transition throughout the process.

GEC has been at the forefront of investing in innovative energy technology and software companies that are driving transformation in the industry. Since its establishment in 2008, GEC has completed 21 platform investments and add-ons, creating over $1 billion of equity value for its investors. With their commitment to cleaner energy, GEC continues to make significant contributions to the sector and pave the way for a sustainable future.

Kline Hill Partners, founded in 2015, specializes in the private equity secondary market and has become a trusted name in the industry. With over $3 billion in assets under management, Kline Hill's funds are supported by a blue-chip investor base. Their expertise in small-deal transactions positions them as a leader in the market, allowing them to cater to a wide range of investors and investment strategies.

In conclusion, GEC's successful closing of the continuation fund for Estis amplifies the power of innovation and the potential of disruptive technologies in the energy sector. Estis' remarkable growth under GEC's guidance confirms the value of investing in forward-thinking companies that drive transformation. With their unwavering commitment to cleaner energy solutions, GEC continues to shape the industry and pave the way for a sustainable future.

For more information about GEC and their investments, visit [www.geclp.com](http://www.geclp.com).

To learn more about Kline Hill Partners and their investment capabilities, visit [www.klinehill.com](https://klinehill.com/).