Private equity firm Riverstone Holdings LLC and Bridger LLC’s management have committed to investing up to $300 million in the company.

The investment should help Bridger expand. The company, headquartered in Addison, Texas, provides logistics and marketing services to the crude oil industry.

New York-based Riverstone is an energy-focused private equity firm with about $25 billion in equity raised across seven funds. The firm closed a $7.7 billion energy fund in June. In April, the firm invested $200 million in Ridgebury Tankers LLC, a company that buys and operates tankers. That investment came with a $5.6 million commitment from Ridgebury’s management. In March, the firm announced it was buying Utex Industries Inc., which manufactures engineered sealing products. 

There have been many investments in companies that provide services to the oil and gas industry lately, including Clearlake’s deal for a unit of Archer Ltd. that provides rentals to oil exploration and production companies, Odyssey Investment Partners LLC’s acquisition of Cross-Country Pipeline Supply Co. Inc. in June, and Emcor Group Inc.’s (NYSE: EME) purchase of RepconStrickland Inc., which provides services to oil refineries. 

Energy industry