Thomas Karam will be Chairman and CEO of Laser and Michael Walsh will serve as CFO.
Also joining Karam and Walsh at Laser will be Vince Bonaddio as VP of Operations and Engineering and Harry Dowling as VP of Governmental & Regulatory Relations.
deep roots in Pennsylvania and his
natural gas experience bring a dimension to our team that is hard to match."
Adding even more value to the combination, DMP
also holds the rights to construct and operate midstream infrastructure related to certain acreage leased by Carrizo Oil
and Gas in northeast Pennsylvania.
"We are very excited about helping bring about an economic renaissance to this region through the safe and responsible development of this important resource," said Karam
"As natives of this region, we are also reassured that the entire Laser team shares our commitment to serving our customers and the communities in which we operate."
DMP was founded by Thomas F. Karam and Michael J. Walsh with an equity commitment from American Securities, LLC (AS) in support of a strategy to invest in and acquire up to $2 billion of midstream energy sector companies and assets.
Mr. Karam has more than 20 years of energy sector experience, most recently serving as President & COO of Southern Union Company (SUG), one of the largest natural gas pipeline companies in North America.
Prior to his tenure at SUG, Mr. Karam was the CEO of Pennsylvania Enterprises, Inc. (PEI) and PG Energy, Inc.