Youngsville-based RedHawk Holdings Corp. announced Sept. 27 that it has agreed to acquire up to a 25 percent interest in Marlin USA Energy Partners, the minority owner of Tigress Energy Partners.
TEP is a limited liability company investing up to $250 million of institutional capital on the exploration and production of oil and gas reserves in the south and southwest regions of the U.S. TEP is managed by DiBartolo and industry veteran Michael Robinson.
TFP is an investment banking, brokerage and specialized financial services firm providing services to corporate entities, institutional investors, high net worth individuals, public and private pensions, and federal, state and municipal governments.
According to RedHawk’s news release, DiBartolo is responsible for the overall strategic direction and leadership of TEP, including client relationships, marketing, product development, human capital development and financial management.
The majority owner of Marlin Energy Partners, Robinson has managed energy funds that over the past five years achieved internal rates of return between 10 percent and 66 percent, according to the release. Under his direction, these funds have discovered hydrocarbons in Louisiana, Texas, Oklahoma and California. Robinson has 30 years of experience as an independent operator, investor and mineral owner. From 2007 and 2015, he was president of Gulf Coast Mid West Energy Partners, engaged in the exploration and production of oil and gas reserves in Texas, Louisiana and the mid-continent regions of the U.S.
“We believe the decline of energy sector has bottomed,” RedHawk said in its news release. “While there may still be a period of time before the sector actually improves significantly, we believe the timing is right to now enter this market. TEP partners and key team members have been responsible for more than $500 million in structured transactions ranging from asset acquisitions and project financings to start-up ventures.”
Publicly traded RedHawk Holdings Corp., formerly Independence Energy Corp., is a diversified holding company engaged in sales and distribution of medical devices, sales of branded generic pharmaceutical drugs, commercial real estate investment and leasing, sales of point of entry full-body security systems, and specialized financial services.