Basin Creek is a 53 MW natural gas fired power plant in Butte, Montana. The plant was constructed as a peaking power plant in 2006 by Jim Williams, who is a co-owner and remains actively involved in daily operations. The facility provides critical electric generation to consumers across the state and is positioned to expand to meet growing demand.
Platform was introduced to Mr. Williams, Basin Creek’s founder and President, through a long-term relationship of the firm, Bill Pate, the former CEO of Par Pacific (NYSE: PARR). While at Sam Zell’s private investment company, Equity Group Investments, Mr. Pate worked with Mr. Williams on the original development of Basin Creek. Together with Platform, they led an investor group to acquire Basin Creek. Platform’s role at Basin Creek is to provide guidance on the strategic and commercial direction of the business.