Houlihan Lokey Advises EMS USA, Inc.

Houlihan Lokey is pleased to announce the sale of the integrity maintenance platform of EMS USA, Inc. (EMS), a portfolio company of Victory Park Capital Advisors, LLC (Victory Park), to First Reserve. The transaction closed on July 10, 2017.

EMS, based in Pasadena, Texas, provides non-discretionary, recurring, mission-critical pipeline integrity, maintenance, and repair solutions to the energy sector. Serving a premier list of over 500 clients throughout the midstream and downstream value chain, the company provides a comprehensive suite of solutions that includes integrity maintenance, cathodic protection, measurement & automation, operations and maintenance (O&M) compliance, geographic information system (GIS) capabilities, and control room operations. These services help clients manage risk, enhance safety and environmental compliance, and properly maintain the integrity of pipeline and facility assets throughout their life cycles.

Victory Park is an investment firm that provides debt and equity capital solutions to middle-market companies across a wide range of industries. The firm was founded in 2007 and is headquartered in Chicago, with resources in New York, Los Angeles, and London.

First Reserve, based in Greenwich, Connecticut, is a leading global private equity investment firm focused exclusively on energy. With nearly 35 years of industry insight, investment expertise, and operational excellence, First Reserve has raised approximately $31 billion of aggregate capital since inception. First Reserve has completed over 600 transactions (including platform investments and add-on acquisitions), creating several notable energy companies throughout the firm's history. Its portfolio companies operate on six continents, spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and associated infrastructure.

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