HOUSTON--(BUSINESS WIRE)--Zahroof Valves, Inc. (“ZVI”), a provider of revolutionary reciprocating gas compressor valves called the Zahroof Performance Valve (“ZPV”), today announced a growth capital investment from NGP Energy Technology Partners (“NGP ETP”).
Utilizing its patent-pending modular-reed valve technology, the ZPV reduces power consumption, improves valve reliability, simplifies service, and reduces inventory requirements with an offering that provides a drop-in replacement for existing valves. ZVI customers include blue chip companies in contract compression, pipeline operations and oil & gas exploration and production.
“Zahroof Valves delivers a step-change in compressor valve performance, serviceability and reliability,” said its founder, Zahroof Mohamed. “The partnership with NGP ETP provides ZVI with the financial resources needed to accelerate growth, further build out its infrastructure, respond quickly to its customers and continue to innovate. ZVI provides high quality valves with the highest efficiency, highest reliability and the lowest total cost of ownership coupled with the best customer experience.”
“We are excited about our partnership with the ZVI team,” said Michael LeBourgeois, Managing Director of NGP ETP. “By combining the gas compression industry experience and engineering expertise of the ZVI team with the resources and network of the NGP ETP platform, we anticipate significant long-term growth and look forward to working side-by-side with the team to continue to build the business and bring additional exciting solutions to the industry.” Philip Deutch, Managing Partner of NGP ETP, added, "Our investment in ZVI is the latest example of NGP ETP’s focus on innovative products, services and technologies targeting the global oil and gas markets."
About Zahroof Valves, Inc.
Zahroof Valves Inc. (“ZVI”) is a privately owned Texas Corporation, headquartered in Houston, which manufactures and sells Zahroof Performance Valves (“ZPV”) into the reciprocating gas compressor market based on the worldwide, patent-pending, modular reed valve technology. The ZPV is a disruptive technology that minimizes downtime & operating costs and maximizes revenue by delivering a step-change improvement in compressor reliability, efficiency, serviceability and inventory reduction. With its high tolerance to liquids and solid particles in the flow stream, the ZPV is ideally suited for natural/shale gas production, transmission, distribution, and storage applications. The ZPVs are currently proving their value in the field in different applications. ZVI is the recipient of the 2013 Land Based Pipeline Technology Award from the Pipeline Industries Guild and is a LAGCOE 2013 “Spotlight on Technology” winner.
About NGP Energy Technology Partners
NGP Energy Technology Partners (“NGP ETP”) is a private equity firm that invests in companies that provide products and services to the oil and gas, power, environmental, energy efficiency and alternative energy sectors. Founded in 2005, NGP ETP manages approximately $500 million in committed capital and is led by professionals that have extensive experience investing across the energy industry. NGP ETP partners with experienced management teams executing on compelling strategic plans and works with them to drive significant value creation. NGP ETP is headquartered in Washington, DC and has an office in New Orleans, LA. NGP ETP is an affiliate of Energy Capital Management. Founded in 1988, NGP Energy Capital Management (NGP ECM) is a premier investment franchise in the natural resources industry, which together with its affiliates has managed approximately $13 billion in cumulative committed capital since inception. In addition to NGP Energy Technology Partners, NGP ECM’s investment platform includes Natural Gas Partners, NGP Global Adaptation Partners and NGP Capital Resources Company (NASDAQ: “NGPC”).