HOUSTON, TX, FEBRUARY 10, 2016 – EIV Capital announced today the completion of its $40 million investment commitment to and formation of CAM Integrated Solutions, LLC (“CAM”), a new engineering, procurement and construction management company. The investment will fund the start-up and growth of CAM, focused on providing engineering services to E&P producers for the “first mile” midstream tie-in from the wellhead to main header/gathering system. This will include, but not be limited to, well pad facilities, gathering systems, pipelines and compression and pump stations.
CAM plans to leverage management’s successful track record in designing, developing and constructing midstream assets. CAM is led by Craig Pierrotti and Mitch Stamper, oil and gas engineering veterans who have spent their entire careers working for EPC companies and engineering divisions of energy companies focused on meeting the needs of CAM’s target customers. Prior to founding CAM, Mr. Pierrotti worked for CH2M Hill as an Executive Vice President for CH2M Oil, Gas & Chemicals and Mr. Stamper worked for Anadarko as a Facilities Engineering Manager for East Texas and North Louisiana.
“We are applying the intensity and inventiveness of a startup to our proven model of successful project lifecycle management; this maximizes effectiveness and cuts costs for our clients,” said Craig Pierrotti, Chief Executive Officer of CAM. “From basic construction initiatives to more complex, fit-for-purpose engineered solutions out in the field, CAM Integrated offers a competitive solution due to our expert team members.”
“We are excited to partner with the CAM team as continued downward pressure in commodity markets leads producers to increase their focus on capital and operational efficiencies,” stated Patti Melcher, Managing Partner at EIV Capital. “By truly partnering with producers during field development and more effectively navigating the planning-to-deployment of topside facilities, CAM offers the market a true value proposition.”
About CAM Integrated Solutions, LLC
CAM Integrated Solutions, LLC is a customer oriented engineering, procurement and construction management company focused on providing innovative, integrated solutions for upstream and midstream projects. Headquartered in Houston, Texas, CAM seeks to build long-term partnerships with its oil and gas customers by creating efficient, repeatable, and safe infrastructure solutions to meet the unique needs and demands of their specific project. For more information, visit www.camintegrated.com.
About EIV Capital, LLC
Founded in 2009, EIV Capital is based in Houston, TX and is a private equity firm specializing in the energy industry. EIV Capital is currently investing out of its most recent fund, EIV Capital Fund II, LP, which closed in December 2014. The fund’s management has extensive experience leading and investing in successful companies across the energy value chain with a focus on midstream infrastructure and related services. For more information, visit www.eivcapital.com.
CAM Integrated Solutions,
LLC EIV Capital, LLC