Apr 15, 2020   SOURCE: BusinessWire

Orion Energy Partners Announces Continued Growth of the Senior Advisory Board

Orion Energy Partners, L.P. (“Orion Energy”), a private capital partner to lower/middle market energy infrastructure and related businesses, is pleased to announce the addition of Jay Bernstein and Steve Newby to its Senior Advisory Board.

“As we navigate through unprecedented times, we are pleased that Orion Energy has been able to work very effectively focusing on the well-being of our team, the core strengths of our diverse investment partnerships and the support of our limited partners. We are deeply appreciative of the involvement of our Senior Advisory Board in these priorities,” said Rob Rusk, Co-Founder and Partner who oversees Orion Energy’s relationship with the Senior Advisory Board. “Our new members, Jay Bernstein and Steve Newby, both have extraordinary records as energy industry CEOs and principal investors and will help us advance our Firm’s initiatives. Jay and his family’s company exemplify the owner/operator structure that is a hallmark of Orion Energy’s investment partnerships. Steve’s insights as a CEO and principal investor both in conventional and alternative energy reflect the evolution of our strategy, which focuses on more environmentally innovative sectors. Jay and Steve also complement the operating and leadership experience of the other four members of our Senior Advisory Board.”

Jay Bernstein is the Chairman and CEO of NIC Holding Corp. NIC Holdings owns Northville Industries, the largest gasoline and diesel storage and distribution business on Long Island and also trades oil, light products and futures in the Atlantic Basin. Jay is a member of several industry, policy and philanthropic boards.

Steve Newby is the Chairman and Owner of Sunshine Solar, one of the largest commercial solar installers in the Southeast. Previously Steve was the Founder, President and CEO of Summit Midstream, managed a proprietary energy infrastructure investment fund for ING, and was Managing Director and Head of Project Finance for SunTrust Bank. He is an Adjunct Professor at the Kenan Flagler Business School at the University of North Carolina at Chapel Hill.

Orion Energy is also pleased to continue its close relationship with Jean Wilson as she steps down from the Senior Advisory Board to focus full time on her operating role at Pattern Energy. “We would like to thank Jean for her service on the Senior Advisory Board and her contribution to promote innovative thinking at Orion Energy,” commented Gerrit Nicholas, Co-Founder, Managing Partner and chair of Orion Energy’s ESG Committee. “Through our work with Jean and other industry leaders, we have strengthened our focus on capital partnerships which support a transition to sustainable, environmentally innovative energy businesses and practices.”

About Orion Energy Partners

Orion Energy Partners is a private capital partner to lower/middle market energy infrastructure and related companies, primarily in North America, managing approximately $1.8 billion of investable capital. We provide non-control and non-dilutive capital in flexible, senior secured loan structures as an alternative to equity investment and traditional loans. Our target investment sectors include downstream, renewable and alternative energy, power generation, midstream, asset-heavy services and other industrial energy opportunities. Orion Energy manages long-term, committed capital across multiple investment funds, allowing us to forge transformational relationships across a diverse group of companies and to be patient and supportive as these organizations execute on their business plans. We aim to have more than 50% of our capital partnerships support a transition to sustainable, environmentally innovative energy businesses and practices. Please visit www.OrionEnergyPartners.com to learn more about our capital partnerships.