With more than 65 years of experience, Five Point executives have built an extensive track record of success investing and operating in midstream energy companies.
Mr. Capobianco is the Managing Partner of Five Point Capital Partners and founded Five Point in 2011. Prior to founding Five Point, Mr. Capobianco was a founder and served as the co-head of the Private Equity Group of Vulcan Capital, the direct investment arm for Paul G. Allen. At Vulcan, Mr. Capobianco led the take-private of Plains Resources, Inc. (NYSE: PLX), the acquisition and development of Energy Center Investments (now known as PAA Natural Gas Storage (NYSE:PNG)), the spinout and subsequent build-up of Calumet Florida, and two private investments into Plains All American Pipeline, L.P. (NYSE: PAA) supporting the transformative acquisition of Link Energy (formerly, the publicly-traded midstream MLP of Enron Corp.) and two strategic acquisitions of six pipeline systems from BP and Chevron.
Before joining Vulcan, Mr. Capobianco was a senior member of Greenhill Capital Partners (“GCP”), a leading private investment firm focused on the energy, financial services and telecommunications sectors. Prior to joining GCP, Mr. Capobianco was a member of Harvest Partners, a private investment firm focused on the industrial, business services and distribution sectors. Mr. Capobianco began his career within the Energy Corporate Finance Group at Salomon Brothers.
Mr. Capobianco currently serves on the Board of Twin Eagle Resource Management, LLC and Redwood Midstream Partners, LLC and was previously the Chairman of the Board of Vulcan Energy Corporation (formerly Plains Resources), a member of the Board and Chairman of the Compensation Committee of Plains All American (NYSE: PAA), a member of the Board of PAA/Vulcan Gas Storage (formerly Energy Center Investments and now PAA Natural Gas Storage (NYSE:PNG)), and Chairman of the Board of Vulcan Resources (formerly Calumet Florida).
Mr. Capobianco holds a B.A. degree from Duke University and an M.B.A. from Harvard Business School.
Mr. Morrow is a Partner of Five Point Capital Partners. Prior to joining Five Point, Mr. Morrow served as President and Chief Executive Officer of Iberdrola Energy Holdings; which held Iberdrola Energy Services, a North American natural gas marketing business, and ENSTOR, one of the largest independent natural gas storage franchises in North America. At Iberdrola, his responsibilities included the development of management teams to run several groups: North America marketing and trading, storage optimization, project development, mergers and acquisitions, regulatory advocacy and compliance, and the day-to-day operations of the facilities.
Prior to joining Iberdrola with the sale of ENSTOR, Mr. Morrow was a senior member at PPM Energy, which focused on the power generation, wind renewable and natural gas marketing and storage businesses. At PPM, Mr. Morrow built the natural gas business unit and acquired four natural gas storage facilities in five transactions. Mr. Morrow was responsible for developing and expanding core business unit teams, mergers and acquisitions, executive management, operations, regulatory advocacy/compliance and commercial management.
Before joining PPM, Mr. Morrow held various senior positions at Texaco Natural Gas within Sabine Pipeline and Sabine Hub Services, up to and including President.
Mr. Morrow currently serves on the Board of Twin Eagle Resource Management, LLC and Redwood Midstream Partners, LLC and previously served on the Board of ENSTOR Inc., Iberdrola Energy Holdings, and PPM Energy Canada Ltd.
Mr. Morrow holds a B.S. degree and an M.B.A. from Texas A&M University.
Mr. Cole is a Senior Vice President, Business Development of Five Point Capital Partners. Prior to Five Point, Mr. Cole served as an exclusive contractor for ENSTOR, responsible for the origination, development and execution of new commercial sales for over 100 Bcf of natural gas storage across North America. Mr. Cole’s responsibilities also included the origination, evaluation, execution and oversight of the strategic and business development of ENSTOR’s facilities.
Prior to ENSTOR, Mr. Cole held various management positions at Sonat Marketing, a division of Sonat Inc., within Trading, Origination, and Storage Management. Additionally, Mr. Cole served as Director of Business Development, where he led the strategic development and mergers and acquisitions for the Company’s natural gas and field services business units, and Director of Producer Services, where he managed multiple field services offices.
Before joining Sonat, Mr. Cole served as the Director of Natural Gas Marketing and Transportation at Tejas Power Corporation, the industry pioneer for integrated storage and gas supply solutions. At TPC, Mr. Cole was responsible for trading, origination, marketing and end-user sales. During Mr. Cole’s tenure at TPC, TPC introduced the concept of integrated market hubs to the natural gas sector, which served as one of the building blocks for the development of the entire natural gas transportation, distribution and marketing industry.
Before joining TPC Corp, Mr. Cole served in various roles at Kerr-McGee Corporation (now Anadarko) including Engineering, Partner Relations and Gas Control.
Mr. Cole holds a B.S. degree in Petroleum Engineering from the University of Louisiana and an M.B.A. from the University of Houston.
Mr. Tran is a Vice President of Five Point Capital Partners. Prior to Five Point, Mr. Tran was a member of the Corporate Finance group at Simmons & Company International, a leading investment banking firm specializing in the energy industry. While at Simmons, Mr. Tran was involved in a number of merger, acquisition, and corporate advisory assignments and focused exclusively on the midstream energy sector.
Mr. Tran holds a B.B.A. degree from the University of Texas at Austin.