Edgewater Midstream LLC on March 26 said David Anders joined its management team as CFO, bringing with him “strategic horsepower” through his 17-year tenure in Bank of America’s Energy Investment Banking Group.
During his time with Bank of America, Anders led the evaluation, structuring and execution of mergers, acquisitions and divestitures as well as IPOs, follow-on equity offerings and debt offerings for public and private companies and partnerships in the midstream sector. He most recently served as managing director.
The appointment of Anders rounds out the C-suite at Edgewater with the addition of “considerable M&A and capital markets experience in the midstream space,” according to Stephen Smith, CEO and co-founder of the Houston-based company.
“His strategic insight and broad range of financial capabilities will be tremendous assets and complement our experienced management team as we seek M&A and greenfield opportunities that benefit all parties at the table,” Smith said in a statement.
Founded in late 2019, Edgewater is targeting the acquisition and greenfield development of pipeline, bulk liquids storage and terminal operations serving North American energy demand hubs. The company is backed by an initial $400 million capital commitment from EnCap Flatrock Midstream.
Alongside Smith, Edgewater is also led by founders Brian Thomason, as chief commercial officer, and Mike Truby, as COO. Including Anders, the Edgewater management team now has about 90 years of energy industry and energy finance experience, including senior leadership roles at companies that include Genesis Energy LP, Motiva Enterprises LLC, ConocoPhillips Co. and NuStar Energy LP.