About egas.net
egas.net is an Energy & Utilities company based in Morgantown (United States) founded in 2004, and was acquired by First Reserve in August 2017. Distributor of oil and gas. egas.net offers products and services including Natural Gas Services and Water Services. Its focus areas include Energy, Oil & Gas Downstream, Fuel Distribution and Services. Its legal entity is Hope Utilities.
Company details
egas.net was established in 2004 and is headquartered in Morgantown, United States. Operations focus on the distribution of oil and gas within the energy industry. Products are supplied to clients across regional markets, with logistics handled through established networks. The company maintains a presence in the sector by facilitating resource allocation and delivery services, adhering to standard industry practices in the United States.
- Headquarters Morgantown, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website egas.net
- Social LinkedIn
- Acquired by First Reserve (Aug 2017)
- Legal Name Hope Utilities
- Latest Funding Round$92M (USD), Debt – Conventional
Oct 2016
- InvestorsBank of America
& 2 more
- Acquired byFirst Reserve
(Aug 2017)
Products & Services of egas.net
egas.net offers a comprehensive portfolio of products and services, including Natural Gas Services and Water Services.
Natural gas is distributed to residential, commercial, and industrial customers to ensure reliable energy supply
Water and wastewater utilities are provided across various states to support community needs
Funding Insights of egas.net
- Total Rounds 1
- Last Round Debt – Conventional — $92M
- First Round $92M
(Oct 2016)
- Investors Count 2
All 1 funding rounds of egas.net with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | $92M | Debt – Conventional | – | – |
3 investors in total: 3 institutional.
Investors in egas.net
egas.net has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Bank of America, TIAA and First Reserve.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Energy sector investments are managed via private equity. | 1983 | firstreserve.com | Stamford, United States | |
Commercial banking and asset management services are offered worldwide. | 1904 | bankofamerica.com | Charlotte, United States | |
Provider of retirement planning, investment, and wealth management services | 1918 | tiaa.org | New York, United States |
Investor details for egas.net
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of egas.net
4 dated milestones of egas.net across 13 years, from founding to its latest funding, stage changes and deals.
- Founded egas.net is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $92.0M.
- Exit Acquired by First Reserve.
Top companies in Oil & Gas Operations
3 companies that operate in the same segment as egas.net (Oil & Gas Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | USD 35.69 B | 110,000 | ||
bp is recognized as a global energy company. | 1909 | United States | USD 185.5 B | 100,500 | ||
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | USD 16.73 B | 14,700 |
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Frequently Asked Questions about egas.net
egas.net was founded in 2004 and raised its 1st funding round 12 years after it was founded.
egas.net is headquartered in Morgantown, United States. It is registered at Morgantown, West Virginia, United States.
egas.net was established in 2004 and is headquartered in Morgantown, United States. Operations focus on the distribution of oil and gas within the energy industry. Products are supplied to clients across regional markets, with logistics handled through established networks. The company maintains a presence in the sector by facilitating resource allocation and delivery services, adhering to standard industry practices in the United States.
egas.net offers Natural Gas Services and Water Services.
egas.net has 3 investors. Key investors include Bank of America, TIAA, and First Reserve.
egas.net operates through Hope Utilities.
Yes. egas.net was acquired by First Reserve in August 2017.