FIRST RESERVE ANNOUNCES PROMOTION

STAMFORD, Conn. and HOUSTON, Aug. 5, 2024 /PRNewswire/ -- First Reserve, a leading global private equity investment firm focused on investing across energy, utility, and general industrial end-markets, today announced the promotion of Rohit Agarwal to Vice President, effective June 30, 2024.

Mr. Agarwal joined First Reserve in 2020 and serves as an important member of the firm's private equity investment team. He has made significant contributions to a number of investment funds and portfolio companies, including Refuel, USA DeBusk and Hoover Circular Solutions. Previously, he was part of the Energy & Power investment banking division at Piper Sandler, formerly known as Simmons Energy | A Division of Piper Sandler. Mr. Agarwal holds a B.B.A. and a Master's in Financial Management from Texas A&M University.

The First Reserve Managing Partners commented, "As a firm, our success is underpinned by our approach to developing and empowering a homegrown, best-in-class team and culture that prioritizes partnership, collaboration and a deep understanding of the Evolving Energy Economy. Rohit exemplifies our approach to creating value for our investors and the businesses we partner with. He has been a valuable member of our investment team since joining First Reserve in 2020, and we congratulate him on this exciting milestone as he continues to take on a larger role within our firm."

About First Reserve

First Reserve is a leading global private equity firm investing across energy, utility, and industrial markets. Founded in 1983, First Reserve has more than 40 years of industry insight and has cultivated a differentiated network of relationships and portfolio exposure. Since inception, First Reserve has raised over $34 billion of aggregate capital and has developed operational expertise built from over 750 transactions, including platform investments and add-on acquisitions. Please visit www.firstreserve.com for further information.

Contacts

Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
[email protected] 

SOURCE First Reserve