Genesis Park Joins Global Energy Capital and White Deer Energy to File for Flowco Public Offering

Rhea-AI Summary

Genesis Park announced that its portfolio company Flowco completed a successful initial public offering on the NYSE under ticker FLOC on November 4, 2025.

Flowco was formed by merging Flowco Production Solutions, Estis Compression and Flogistix, and was backed by Genesis Park (which invested in Estis Compression in 2019 alongside Global Energy Capital) plus White Deer Energy. Flowco is headquartered in Houston with approximately 1,300 employees, operates in every major domestic oil and gas basin, has a growing international presence, and serves 22 of the top 25 US producers. Jonathan Fairbanks will chair the board; Paul Hobby of Genesis Park joined Flowco's board.

This marks Genesis Park's second successful public offering from its Genesis Park II, LP portfolio, following Redwire (NYSE: RDW).

Positive

• Flowco completed a successful NYSE IPO under ticker FLOC
• Combined entity employs approximately 1,300 staff
• Operations in every major domestic oil and gas basin
• Serves 22 of the top 25 US producers
• Genesis Park records second portfolio IPO after Redwire (NYSE: RDW)

Negative

• None.

HOUSTON, Jan. 17, 2025 /PRNewswire/ -- Genesis Park announced today that its portfolio company Flowco, launched a successful initial public offering (NYSE: FLOC). Flowco was formed through the merger of Flowco Production Solutions, Estis Compression and Flogistix. Genesis Park invested in Estis Compression in 2019 alongside Global Energy Capital ("GEC").

Genesis Park announced that its portfolio company Flowco, launched a successful initial public offering (NYSE: FLOC).

Flowco is one of the most comprehensive providers of production optimization and artificial lift solutions, including high pressure gas lift, traditional gas lift, plunger lift, and vapor recovery. Headquartered in Houston, Texas with approximately 1,300 employees, Flowco operates in every domestic major oil and gas basin, with a growing international presence. Flowco serves 22 of the top 25 producers in the United States.

Three local investment firms, GEC, White Deer Energy and Genesis Park cooperated to accomplish this powerful combination. Jonathan Fairbanks will Chair the Board.

"The combined business creates an array of well optimization capabilities at every point in the production lifecycle," said Paul Hobby, Managing Partner of Genesis Park. Hobby, who has joined the Board of Directors of Flowco, continued "Bringing the three companies together maximizes production and uptime while minimizing fugitive vapor releases. Flowco represents an important step forward in improving oilfield technologies."

Flowco represents Genesis Park's second successful public offering from the Genesis Park II, LP. Portfolio; Redwire (NYSE:RDW) being the first.

About Genesis Park

Genesis Park is a Houston-based debt and equity investment platform. Its most recent investment fund, GP Capital Partners II, LP, is licensed as a Small Business Investment Company ("SBIC") by the U.S. Small Business Administration. Genesis Park supports growth and later stage lower middle market businesses through flexible debt and equity capital solutions and strategic guidance. Genesis Park targets companies with proven business models and seasoned management teams. For more information, visit www.genesis-park.com.

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SOURCE Genesis Park

FAQ

What ticker did Flowco list under on the NYSE and when?

Flowco listed on the NYSE under ticker FLOC, with the announcement dated November 4, 2025.

How large is Flowco's workforce after the merger announced by Genesis Park?

Flowco is reported to have approximately 1,300 employees after the merger.

Which companies merged to form Flowco as disclosed by Genesis Park?

Flowco was formed from the merger of Flowco Production Solutions, Estis Compression, and Flogistix.

Which investors backed Flowco prior to its IPO?

Genesis Park invested in Estis Compression in 2019 alongside Global Energy Capital, and White Deer Energy also participated in the combination.

What client footprint does Flowco claim in the announcement?

Flowco said it serves 22 of the top 25 producers in the United States and operates in every major domestic basin.

How does this IPO affect Genesis Park's portfolio track record?

This is noted as Genesis Park's second successful public offering from the Genesis Park II, LP portfolio, after Redwire (NYSE: RDW).