San Diego, CA - March 3, 2008

Genesis has completed its $563 million acquisition of five energy-related businesses from the Davison family

San Diego – August 20, 2007 – Bainbridge, a boutique management consulting, M&A advisory, and private equity firm based in San Diego, today announced that Genesis Energy, L.P. completed its $563 million acquisition of five energy-related businesses from the Davison family. The Davisons have owned and controlled energy-related transportation businesses in Ruston, Louisiana since 1937. The transaction was completed on July 25, 2007.

Genesis Energy, L.P., a diversified midstream energy master limited partnership headquartered in Houston, Texas, acquired Davison assets including a refinery services business, petroleum products marketing business, terminal business, trucking business and a fuel procurement business. Genesis expects that the transaction will allow the company to move forward to negotiate several additional transactions with the owner of its general partner, Denbury Resources, Inc.

Bainbridge’s Capital Advisory group assisted Genesis Energy in the identification of the off-market opportunity with the Davison family. "This transaction demonstrates the value of proprietary deal flow and of having a proactive process and an experienced business development team," said Nick Chini, Managing Principal of Bainbridge.

Bainbridge’s past transactions and experience as a buy-side advisor in the upstream and midstream oil and gas industry proved to play a significant role in conducting proprietary deal flow development for Genesis Energy. Bainbridge’s search and analysis service – AcquSearch – provides clients with consistent, quality deal flow through services including market feasibility studies, acquisition search, due diligence and negotiation strategy development.

About Bainbridge

Bainbridge is a combination management consulting and M&A advisory firm dedicated to providing its clients with custom-tailored solutions and accelerated growth. Unlike traditional investment banking or consulting firms, Bainbridge combines strategic and financial advisory to produce business results. Working with a diversified client base of Fortune 1000 corporations, private equity groups, and start-ups, Bainbridge's staff of seasoned industry executives, management consultants and financial analysts continuously monitors clients' external environments to help build and maintain the most effective market and competitive positioning. Bainbridge's Capital Advisory Group provides a range of services including acquisition search, sell side advisory, market feasibility studies, due diligence, and more. Using primary-source research, our team works with private equity groups to provide deal flow outside the auction environment, putting your firm in non-bidding situations for well qualified candidates. Our full-service approach is guaranteed to optimize the timing, quality, and quantity of your deal flow pipeline. For more information, please visit http://www.bainbridge.com.