One Rock Capital Concludes Sale of Island Energy Services Stake
Deal News | Jul 17, 2025 | One Rock Capital
One Rock Capital Partners, a private equity firm focused on operational improvements, has completed the sale of a majority stake in Island Energy Services (IES) to a partnership between First Reserve and Fortress Investment Group. IES is a leading fuel logistics operator in Hawaii with significant storage, pipeline infrastructure, and a network of Texaco-branded stations. The deal saw Evercore and Nomura Securities as financial advisors, while Latham & Watkins provided legal advice. This transaction marks a significant milestone for One Rock, which has a history of strategically enhancing company operations through collaboration with their management.
Sectors
- Private Equity
- Energy
Geography
- United States – The transaction primarily involves Island Energy Services, a company operating in Hawaii, USA.
Industry
- Private Equity – The article involves One Rock Capital Partners, a private equity firm, and Fortress Investment Group, indicating activity in the Private Equity industry.
- Energy – Island Energy Services operates within the energy industry, specifically focusing on fuel import, storage, and distribution in Hawaii.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| One Rock Capital Partners | Selling Company | Company | Private equity firm that sold its majority stake in Island Energy Services. |
| Island Energy Services | Target Company | Company | A leading fuel logistics and infrastructure company operating in Hawaii. |
| First Reserve | Bidding Company/Buyer | Company | One of the buyers of the majority stake in Island Energy Services. |
| Fortress Investment Group | Bidding Company/Buyer | Company | Partnered with First Reserve to acquire a majority stake in Island Energy Services. |
| Evercore | Financial Advisor | Company | Financial advisor to Island Energy Services on the transaction. |
| Nomura Securities International, Inc. | Financial Advisor | Company | Financial advisor to Island Energy Services on the transaction. |
| Latham & Watkins LLP | Legal Advisor | Company | Provided legal advice to Island Energy Services during the transaction. |