Origin Americas Announces First Acquisition and Funding for Growth Platform

BALTIMORE–(BUSINESS WIRE)–Origin Americas LLC (“Origin Americas”) announced today the
acquisition of terminal, processing, and storage assets located in
Baltimore, Maryland (the “Baltimore Assets”).

Origin Americas is a newly formed North American acquisition vehicle
controlled by the Element Group, an independent Houston and Geneva-based
physical oil trading firm. With the completion of the Baltimore Assets
acquisition, Origin Americas owns and operates a nearly 50-acre liquid
bulk storage terminal with rail, truck, vessel loading and unloading
infrastructure, as well as one of the largest used motor oil and
lubricant collection businesses in the Mid-Atlantic region.

To fund the acquisition of the Baltimore Assets and to provide ready
capital to finance future growth opportunities, Origin Americas has
closed a $100 million strategic financing partnership with Orion Energy
Partners, L.P. (“Orion Energy”), along with equity funding from a
group of experienced energy investment and commodities trading veterans.

“We are excited to launch the Origin Americas platform with the
acquisition of such a strategic and high-quality business in Baltimore.
We look forward to building upon the Baltimore Assets acquisition and
continuing to execute on our growth strategy with the support of Orion
Energy Partners,” said Nicholas Myerson, CEO of Origin Americas.

“Orion Energy is thrilled to announce this new partnership with Origin
Americas. This investment highlights Orion Energy’s ability to combine
energy infrastructure expertise and creative acquisition capital
solutions for our partners to support their long term business goals,”
said Nazar Massouh, CEO of Orion Energy.

McGrath North Mullin & Kratz, P.C., L.L.O. acted as legal advisor to
Origin Americas. Latham & Watkins, LLP acted as legal advisor to Orion
Energy.

About Origin Americas

Origin Americas is the Element Group’s asset platform. Origin Americas
seeks to acquire and consolidate strategically-located oil terminals,
oil processing facilities, and storage assets throughout North America,
Europe and Asia. The firm’s acquisition strategy focuses on waste oil
and re-refining segments. For more information about Origin Americas,
visit www.origin-americas.us.
For more information on Element Group, visit www.element-alpha.com.

About Orion Energy Partners

Orion Energy Partners is a credit-oriented private equity firm with over
US$ 1 billion of investable capital. Orion Energy is focused on
providing creative capital solutions to middle market energy
infrastructure businesses across North America and select international
markets with a focus on downstream, midstream, conventional electric
power, renewable energy and storage, asset-heavy energy services and
other energy subsectors. Its management has substantial experience
leading successful energy companies and energy infrastructure
investments. For more information, visit www.OrionEnergyPartners.com.

Contacts

For Origin Americas LLC
Jake Malcynsky, 203-682-8375
Jake.Malcynsky@icrinc.com