Bridger LLC, an oil marketing and midstream logistics firm from Dallas, Texas, partnered with Riverstone Holdings LLC to form a joint venture. The partnership is focused on putting the investments of up to US$300 million on upcoming projects and deals primarily in the energy sector.

Riverstone Holdinds is a energy and power-focused private investment company with US$25 billion worth of equity capital. The capital was raised across seven rounds of investment funding.

The joint venture implied a common investment of US$300 million. This came after Bridger's strong showing in the past months, with successful returns on its operations. The company's oil infrastructure program included 300 crude-hauling trucks, 140,00 barrels for storage, two pipelines, and 530 rail tank cars. Bridger operates in 11 states, located mainly on the major oil domestic regions of the country.

Presiden and chief executive offier of Bridger Julio Rios commented on the venture, "We are extremely proud to be partnering with Riverstone. Their expertise and relationships in the energy industry, particularly in the midstream sector, will be invaluable as we execute our business plan of aggressive organic growth and strategic acquisitions. This new partnership opens an exciting new chapter for Bridger, our employees, our network of owner operators and our customers."