What High Roller Group does

High Roller Group is a private operational holding company founded in 2007 and headquartered in Center, Texas, that manages and provides venture capital to investments across multiple industry segments, primarily energy, infrastructure, and industrial end markets. The company operates more than 20 portfolio companies spanning the energy value chain (High Roller Sand frac sand production, NuBlu Energy LNG/CNG/RNG infrastructure using patented modular liquefaction technology, BJ Energy Services lower-carbon technologies, Permian Oilfield Partners water management, nTherm natural gas marketing, Safefill water services, Edge Controls SCADA services, Redhawk Coil Tubing, Harmac/Nexgen pipeline construction, and Vericor Power Systems gas turbines), industrial operations (Black Mountain Cement, American Gulf Terminal rail terminals, ONE Rail Group railway welding, HR Logistics trucking with 45-truck fleet and ~80 employees), and consumer/adjacent businesses (Huk and Nomad performance fishing and hunting apparel under Marolina Outdoor, Smitty's Car Wash, and High Roller Whitetails deer breeding). The company invests in high-growth opportunities and typically partners with existing owners or management teams to execute its investment strategies.

High Roller Group generates revenue indirectly through its portfolio companies, with streams spanning product sales (frac sand, cement, apparel, turbines), service revenue (LNG engineering, oilfield services, logistics, rail services), and financial returns (dividends, exits, and capital appreciation on portfolio investments). The company does not sell products or services directly to end customers at the holding-company level, and pricing is not publicly disclosed. Customer concentration is heavily skewed toward oil and gas producers in the Permian Basin, supplemented by retail distribution for consumer brands and regional industrial buyers. Geographic operations span at least 14 US states, with primary industrial footprint in Texas, Louisiana, New Mexico, and Colorado.

In April 2025, High Roller Group divested High Roller Sand to Iron Oak Energy Solutions, exiting frac sand production while continuing to manage the remaining diversified portfolio. Active portfolio management is evidenced by the October 2024 restructuring of BJ Energy Solutions and the ongoing build-out of Black Mountain Cement's North Texas facility. Leadership consists of a four-person C-suite (CEO Dustin Bailey, President Ryan Mackey, COO Luke Garrett, CFO Jake Bender) overseeing a holding company structure without disclosed consolidated revenue.

Name

High Roller Group

Legal name

High Roller Group

Website

https://highrollergroup.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

High Roller Group is a private Texas-based operational holding company founded in 2007 that deploys venture capital across 20+ portfolio companies spanning energy, infrastructure, industrial, and consumer end markets, partnering with management to scale businesses primarily serving the Permian Basin oil and gas sector.

Ownership category

akta.pro rank

Product category

Venture Capital and Operational Holding Company

NAICS

Sporting and Recreational Goods and Supplies Merchant Wholesalers (42391)

SIC

Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Underground Distribution (Cable, Duct Bank & Vault) EPC (EUAEACAB)

Keywords

• Venture capital
• Operational holding company
• Energy infrastructure
• Portfolio investment management
• Private equity investing

Headquarters

HQ city

Center

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Investment Returns: As an operational holding company managing venture capital investments across multiple portfolio companies in energy, infrastructure, and industrial sectors, revenue is generated through returns on invested capital, dividends from portfolio companies, and exits through acquisitions or sales of portfolio companies.
2. Portfolio Company Operations: Various portfolio companies generate revenue through product sales and services including frac sand sales, LNG production and sales, logistics services, outdoor apparel sales, cement production, and oilfield services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

High Roller Group is an operational holding company that manages and provides venture capital to a portfolio of 20+ investments across energy, infrastructure, and industrial end markets. The firm invests in high-growth opportunities, typically partnering with existing owners or management teams, and supports portfolio operations with capital deployment, strategic oversight, and operational expertise. Revenue is generated through investment returns, dividends, and exits from portfolio companies spanning frac sand, LNG, oilfield services, rail, logistics, cement, apparel, and consumer services.

Product overview

High Roller Group is an operational holding company that manages and provides venture capital to investments across multiple industry segments, with primary focus on energy, infrastructure, and industrial end markets. The company operates a diversified portfolio of 20 portfolio companies including: energy sector investments (High Roller Sand - frac sand production, Vericor Power Systems - gas turbines, NuBlu Energy - LNG/CNG/RNG facilities, BJ Energy Services - lower carbon technologies, Permian Oilfield Partners - water management, nTherm - natural gas trading, Safefill - water services, Edge Controls - SCADA services, Redhawk Coil Tubing and Harmac/Nexgen - oilfield services); industrial investments (Black Mountain Cement - cement production, American Gulf Terminal - rail terminals, ONE Rail Group - railway services, HR Logistics - trucking); and outdoor/consumer investments (Huk and Nomand/Marolina Outdoor - performance fishing and hunting apparel, Smitty's Car Wash - car wash locations, High Roller Whitetails - deer breeding). The company focuses on investing in high growth opportunities and partners with other owners or management to execute strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• High Roller Sand Portfolio company constructing and operating state-of-the-art hydraulic fracturing sand facilities in the Delaware Basin, offering API and ISO-compliant frac sand products including 7K 40/70, 9K 50/140, and 10K 70/140 mesh products for oil and gas well completion customers.
• Vericor Power Systems Portfolio company manufacturing compact, lightweight gas turbines for industrial power generation, oil and gas pumping and compression, and commercial and military marine propulsion applications.
• NuBlu Energy Portfolio company providing engineering, procurement, construction, and project management services for the energy industry with emphasis on LNG, CNG, and RNG across Texas, New Mexico, and Louisiana, using patented modular NuBlu technology for natural gas liquefaction plants.
• BJ Energy Services Portfolio company championing sustainable products and emissions reduction through investment, development, and commercialization of lower carbon technologies supporting the Oil & Gas Industry's environmental impact improvement efforts.
• Huk (Marolina Outdoor) Portfolio brand offering performance fishing apparel through Hukgear with fresh, current styles appealing to anglers of all ages, including men's, women's, and youth outerwear, tops, bottoms, footwear, and accessories.
• Nomad (Marolina Outdoor) Portfolio brand providing high quality, performance hunting apparel through Nomad Performance Apparel, offering authentic hunting gear at attainable price points including men's, women's, and youth outerwear, tops, bottoms, footwear, and accessories.
• HR Logistics Portfolio company operating as a national over-the-road hauler headquartered in Center, Texas, with a terminal yard in Mansfield, Louisiana, and a company-owned fleet of 45 qualified and insured trucks and trailers and nearly 80 employees.
• Black Mountain Cement Portfolio company building a state-of-the-art industrial facility for next generation Portland cement production to address North Texas supply shortages of an important basic building material.
• Smitty's Car Wash Portfolio company operating as a premium developer and operator of state-of-the-art exterior express car wash locations across Texas, Montana, Nevada, Indiana, Illinois, and Maryland, offering one-time and monthly wash memberships.
• High Roller Whitetails Portfolio company breeding Whitetail Deer at its facility in Center, TX, managing a selective breeding program for deer with traits such as tine length, inside spread, droptines, and rack symmetry.
• Permian Oilfield Partners Portfolio company providing salt water intelligent management and frac water services in the Northern Delaware Basin, with intelligent midstream water management and recycling solutions for oil and gas customers.
• nTherm Portfolio company operating as a retail and wholesale natural gas marketing and trading firm headquartered in Denver, CO, active in Colorado, Kansas, Oklahoma, Ohio, Michigan, Pennsylvania, and New Jersey, buying and selling natural gas to industry counterparties, large industrial and commercial clients, and residential customers.
• American Gulf Terminal (USA Rail Terminals) Portfolio company operating as a rail terminal operator with facilities in Port Allen, LA and Beaumont, TX, providing transloading, rail car storage, and railroad/civil infrastructure engineering and construction services.
• Safefill Portfolio company providing freshwater sourcing, storage, and transfer services for oil and gas completions throughout the Permian Basin.
• ONE Rail Group Portfolio company providing mobile state-of-the-art electric flash butt (EFB) welding and general maintenance of way (MOW) services for railway infrastructure across North America.
• Edge Controls Portfolio company providing modern electrical, automation, controls, and SCADA services headquartered in Midland, TX for energy and surrounding industries.
• Redhawk Coil Tubing Portfolio company providing oilfield services in the Haynesville, Texas, and Oklahoma areas, based in Kilgore, TX, offering drill outs, clean outs, fishing, retrievals, nitrogen services, toe preps, and coil frac services.
• Harmac Portfolio company performing all aspects of pipeline and facility construction from clearing to testing and cleanup, based in Center, TX.
• Nexgen Portfolio division of Harmac Energy located in Haynesville, TX, performing pipeline and facility construction services including clearing, right-of-ways, testing, and cleanup.
• Spire (formerly BIM) Portfolio company offering a merchant payment solution with seamless integration for lower cost payment tenders than credit and charge cards, with industry leading security and fraud protection.

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• IAC (Industrial Avenue Construction)coreStrategic or Co-development PartnerIAC designed, built and commissioned the High Roller Sand 115 Plant frac sand dry plant in Kermit, Texas in just seven months. Plant features advanced technology and high output optimization programs.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tailwater Capital: Private equity firm focused exclusively on energy midstream, upstream, and oilfield services. Directly comparable to High Roller Group's operational holding model in energy infrastructure, with similar Permian Basin exposure and partnership approach with management teams.
• Energy Capital Partners: Large-scale private equity firm focused on energy infrastructure, power generation, and oil & gas services. Comparable to HRG's diversified energy and infrastructure portfolio approach, though at significantly larger fund size.
• Pearl Energy Investments: Energy-focused private equity firm making control investments in North American upstream, midstream, and oilfield services. Closely aligned with HRG's Permian Basin focus and operational partnership model.
• Old Ironsides Energy: Private equity firm focused on small to mid-cap oil & gas exploration and production. Comparable investment style and operational partnership approach to HRG, though concentrated upstream rather than diversified infrastructure.

Emerging players

• Pritzker Private Capital: Family-controlled operating holding company acquiring middle-market industrial businesses with long-duration capital. Comparable to HRG's operational holding company model and partnership approach, though focused on industrial manufacturing rather than energy.

Broad incumbents

• Select Water Solutions: Publicly-traded provider of water management and chemical solutions to oil & gas operators, with significant Permian Basin operations. Comparable to HRG's Permian Oilfield Partners and Safefill portfolio companies serving oilfield water needs.
• U.S. Silica Holdings: Publicly-traded frac sand producer and last-mile logistics provider. Directly comparable to High Roller Sand (recently divested HRG portfolio company) with API/ISO compliant proppant products and Delaware Basin operations.
• New Fortress Energy: Publicly-traded LNG infrastructure company developing small-scale liquefaction and distribution. Comparable to NuBlu Energy's LNG/CNG/RNG focus, though at substantially larger scale and broader geographic footprint.
• Solaris Oilfield Infrastructure: Publicly-traded provider of oilfield infrastructure including sand silo systems and mobile frac equipment. Comparable to HRG's oilfield services portfolio companies (Redhawk Coil Tubing, BJ Energy Services) serving Permian Basin operators.
• Sitio Royalties: Publicly-traded mineral and royalty acquisition company focused on the Permian Basin. While more specialized in royalties versus HRG's broader operating model, Sitio represents a comparable Permian-focused energy investment vehicle at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about High Roller Group