Based in The Woodlands, Texas, Navitas is a privately-held company formed in 2014 by an experienced management team in conjunction with Warburg Pincus, a global private equity firm. Although we are a new company, our senior leadership previously built Copano Energy LLC. Our top executives have worked together for the past 27 years, developing a deep understanding of the upstream, midstream and pipeline industries.
In looking at the midstream oil and gas business, we saw too many companies focused on the short-term. We wanted to build a different kind of company — one that was more enduring and better suited for our customers and the changing landscape of the U.S. energy industry.
We focus on existing and emerging resource plays where we can offer a full slate of services, from wellhead to market.
Through acquisitions and greenfield construction, our gas gathering and processing systems in the Permian Basin include more than 1,500 miles of natural gas gathering pipelines and four cryogenic processing plants. These systems are the cornerstone of our growing Permian operation.
In establishing Navitas, Warburg Pincus provided an initial $500 million line-of-equity investment which was increased to approximately $875 million in early 2017. Warburg Pincus’ deep industry experience and patient capital provides us with a competitive advantage in today’s midstream marketplace.