Rock Hill Capital Announces its Investment in Ace Gathering Holdings, LLC

HOUSTON–(BUSINESS WIRE)–Rock Hill Capital Group (“Rock Hill”) today announced that it has
completed its investment in Ace Gathering Holdings, LLC (“Ace” or the
“Company”), a provider of crude oil marketing, gathering, and
reclamation services to oil producers, salt water disposal operators,
and other service companies throughout Texas and the surrounding states.

Ace, founded by its management team in 2014 and headquartered in Katy,
Texas, provides gathering and reclamation services through two separate
wholly-owned subsidiaries, Ace
Gathering, Inc. (“Ace Gathering”) and Maker’s
Oil Corporation (“Maker’s”). Ace Gathering offers crude oil
gathering services with its top-of-the-line fleet of trucks and trailers
as well as crude oil marketing services for customers ranging from
small, independent producers to large majors. In May 2016, Ace acquired
Maker’s, a crude reclamation and tank cleaning business with over two
decades of operating history. Maker’s offers oilfield waste cleanup and
waste oil removal services for salt water disposal wells, crude oil
production tanks, pipelines, and marine barges. The combined companies
have over 90 employees with locations in Somerville, Corpus Christi,
Giddings, Swinney Switch, Odessa, and Katy, Texas.

“Mike and Cody have built an outstanding team and have done an excellent
job of strategically positioning the company for organic and geographic
growth over the next several years. We are very excited about the
opportunity to partner with the Ace team and look forward to supporting
the company’s continued growth,” said Randall B. Hale, Managing Director
of Rock Hill.

“The management team at Ace is happy to have found a partner that
believes in our strategic vision and our ability to expand the business.
We are entering a period in our growth where Rock Hill’s financial
support and professional guidance will be instrumental in taking us to
the next level,” said Mike Clinard, Chairman and CEO of Ace. Cody
Schluens, President and COO of Ace added, “We are thrilled about our
partnership with Rock Hill and what this means for the future of the
company. We look forward to Rock Hill’s leadership as we expand our
capabilities to service existing and prospective customers in new areas.”

Ace represents the second investment by Rock Hill’s third fund – Rock
Hill Capital III, L.P. Legal representation services for the transaction
were provided to Rock Hill and the selling shareholders by Winston &
Strawn and Andrews Myers, respectively.

About Rock Hill Capital

Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas,
is a private equity firm that invests in small-to-lower middle market
companies located in the South and Southeast U.S. Rock Hill is currently
investing out of its third committed capital fund totaling $150MM
focusing on companies in the industrial products and services
industries. Take a deeper look at Rock Hill Capital and what makes our
investments so successful by visiting www.rockhillcap.com.

Contacts

Rock Hill Capital Group
Media Contact:
Stacey Wells,
713-715-7516
[email protected]