Free thinking

At Franklin Mountain Capital, we think not taking a risk is the biggest gamble of all. We also believe with the right people, insights, energy, and tenacity, informed risks are where the greatest opportunities reside.

About Us

Franklin Mountain Capital (FMC) a Scottsdale, AZ based firm providing long-term capital and operating expertise for small and middle market businesses, primarily in the Southwest.

The founders are the former executive management team of Western Refining, Inc. (NYSE: WNR), an independent oil refiner with refining operations in the Southwest and Upper Midwest US, Northern Tier Energy (NYSE: NTE) a crude oil and retail marketer with operations in the Upper Midwest, and Western Refining Logistics LP (NYSE: WNRL), a master limited partnership with operations focused in the Permian and Bakken crude oil-producing regions. FMC's team is composed of investment professionals with substantial energy experience and disciplines:

FMC seeks to partner with well-established companies with a strong management team and significant growth potential. Working closely with management, FMC seeks to pursue continual improvement and drive organic growth as well as growth through acquisitions.

Criteria

our history

In 1997, Western Refining Company (WRC) was founded by Paul Foster, Jeff Stevens, Scott Weaver and Ralph Schmidt. WRC was formed to manage a portion of the crude oil supply for, and, the refined product produced by, the legacy Texaco refinery located in El Paso. At that time, the El Paso refinery was being operated by Chevron pursuant to an operating agreement by Chevron.

In 2000, WRC purchased Refinery Holding Company (RHC), the owner of the legacy Texaco refinery in El Paso from a bank group led by CIT. RHC owned the Texaco refinery in El Paso. In 2003, WRC purchased the Chevron refinery in El Paso and a 530 mile crude oil pipeline system in West Texas from Chevron. Western operated the two El Paso refineries as a single refinery with an initial crude oil throughput capacity of 85,000 barrels per day, and within two years, was operating at a capacity of 103,000 barrels per day.

In January 2006, WRC took Western public at an initial share price of $17 per share raising proceeds of approximately $296 million and began trading on the NYSE under the ticker “WNR”.

In 2007, WNR purchased Giant Industries for approximately $1.4 billion which added three refineries (Yorktown, VA, Gallup, NM and Bloomfield, NM), 237 retail gasoline stations, and various crude oil and refined products logistics assets. In 2009, the operations of the Bloomfield and Gallup refineries were consolidated at the Gallup refinery and in 2010, the Yorktown refinery was converted to a terminal. The Yorktown terminal was sold to Plains All America in 2011.

In November 2013, WNR purchased the General Partner and a 38% interest in the limited partnership interests of Northern Tier Energy (NTI), a publicly-traded variable distribution MLP for $775 million from TPG Partners. In 2016, WNR purchased the remaining 62% limited partnership units for approximately $1.3 billion.

Also in October 2013, Western launched the IPO of Western Refining Logistics, LP, an MLP (trading under the symbol “WNRL”), focused on owning and operating crude oil and refined products logistics assets primarily in the Permian and Bakken.

In November 2016, Andeavor (NYSE: ANDV) announced an agreement to purchase WNR for approximately $6.4 billion. The transaction closed on June 1, 2017. From the 2006 IPO to the ANDV sale, WNR enterprise value increased more than five-fold, in addition to paying $981 million in cumulative dividends.

In October 2017, WNRL was acquired by Andeavor Logistics (NYSE: ANDX) in a unit-for-unit transaction and assumption of $280 million of net debt for a total enterprise value of approximately $1.7 billion. From the 2013 IPO in 2013 to the sale to ANDX, WNRL enterprise value increased approximately 70% in addition to paying out $86 million in cumulative distributions.

Portfolio

Affiliates

ACQUISTIONS AND MANAGEMENT
AVIATION
CONSTRUCTION
DINING AND SPECIALTY SERVICES
Energy
* These energy entities have been sold
HEALTHCARE AND INSURANCE
LAND AND PROPERTY DEVELOPMENT
SPORTS AND ENTERTAINMENT

News

March 5, 2024

UltraNav Transseptal System will present at "Best Interesting Case" at CRT

Read More
October 11, 2023

UltraNav System Enables Safer and More Cost-Effective Transseptal Procedures by Aligning Catheter and Ultrasound

Read More
April 25, 2022

FDA Clearance Granted for New Dual Lumen Catheter That Enables Precise Visualization and Treatment Access to the Left Heart

Read More
january 25, 2022

Franklin Mountain Capital Launches Franklin Mountain Packaging

Read More
September 26, 2018

Franklin Mountain Energy Announces Acquisition of New Mexico Acreage and Signing of Definitive Purchase Agreement for Acreage from One Energy Partners Operating, LLC

Read More

Contact Us

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Jeff Beyersdorfer
Managing Director

Franklin Mountain Capital, LLC
4253 North Scottsdale Road
Suite 201
Scottsdale, AZ 85251


Direct: 602 325 4962
Mobile: 314 616 1828