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First Reserve Overview

First Reserve Corporation is a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector. First Reserve was founded in 1984 and is the oldest and largest private equity fund dedicated to investments in the energy sector.
The staff at First Reserve come from unusually diverse demographic backgrounds. The company is 60.0% female and 39.4% ethnic minorities. First Reserve employees are more likely to be members of the Republican Party than the Democratic Party, with 61.5% of employees identifying as members of the Republican Party. But those numbers could change quickly because the turnover rate at First Reserve is relatively high. Employees at First Reserve stay with the company for an average of 2.7 years before leaving. The average employee at First Reserve makes $76,007 per year. Pay at First Reserve is significantly lower than some of its highest paying competitors, like JLL Partners, Investcorp International, and General Atlantic, which pay $95,188, $94,146, and $88,367, respectively.
Based in Greenwich, CT, First Reserve is a small finance company with only 155 employees and an annual revenue of $139.4M.


Private Equity





Founded in



Greenwich, CT


Organization Type


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The Team At First Reserve

Key People
  • William MacAulay (founder)

What do people say about First Reserve

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First Reserve Rankings

First Reserve is ranked #80 on the Best Companies to Work For in Connecticut list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

First Reserve Salaries

How much does First Reserve pay?
The national average salary for a First Reserve employee in the United States is $76,007 per year. Employees in the top 10 percent can make over $131,000 per year, while employees at the bottom 10 percent earn less than $43,000 per year.
Salary Score
Average Employee Earnings

First Reserve Salaries By Job Title

While First Reserve employees earn an average yearly salary of $76,007, different roles can command different wages. Some of the positions that earn high wages at First Reserve include managing director, associate, software architect, and sharepoint developer/administrator. A worker with the title managing director salary at First Reserve can earn an average yearly salary of $168,404. Other roles at First Reserve include receptionist and office administrator. A receptionist at First Reserve earns an average yearly salary of $24,895.
Job Title
Average Salarydesc
Managing Director
Salary Range131k - 216k$168k$168,404
Salary Range92k - 132k$111k$110,593
Software Architect
Salary Range84k - 110k$96k$96,453
Sharepoint Developer/Administrator
Salary Range85k - 107k$96k$95,889
Senior Systems Engineer
Salary Range84k - 106k$95k$94,736
Application Software Developer
Salary Range73k - 101k$86k$86,345
Computer Systems Analyst
Salary Range67k - 95k$81k$80,574
Committee Chairperson
Salary Range60k - 96k$76k$76,294
Assistant Controller
Salary Range68k - 83k$76k$75,819
Finance Analyst
Salary Range55k - 90k$71k$70,845

First Reserve Careers

On average, employees at First Reserve stay with the company for 2.7 years.

Average Length of Employment

First Reserve
2.7 years
Castle Harlan
2.5 years

Top Employers Before First Reserve

Top Employers After First Reserve

First Reserve Employee Demographics

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

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First Reserve Employee Political Affiliation

First Reserve employees are most likely to be members of the Republican Party. The largest donation made to a political party by a First Reserve employee was by Neil Wizel. Neil Wizel donated $5,400 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Gary ReavesManaging Director
Gary Reaves
Managing Director
Managing Director
Republican Party
Republican Party
$5,600Republican Party
Neil WizelEnergy Investment
Neil Wizel
Energy Investment
Energy Investment
Republican Party
Republican Party
$5,400Republican Party
William MacAulayManagement
William MacAulay
Democratic Party
Democratic Party
$4,800Democratic Party
JOE EdwardsManaging Director
JOE Edwards
Managing Director
Managing Director
Democratic Party
Democratic Party
$4,600Democratic Party
Logan WaltersInvestments
Logan Walters
Republican Party
Republican Party
$2,700Republican Party
Joseph EdwardsPrivate Equity
Joseph Edwards
Private Equity
Private Equity
Republican Party
Republican Party
$2,500Republican Party
Christopher HearnPrivate Equity
Christopher Hearn
Private Equity
Private Equity
Democratic Party
Democratic Party
$2,500Democratic Party
Mark FlorianInvestments
Mark Florian
Republican Party
Republican Party
$750Republican Party
Paul SteenVice President
Paul Steen
Vice President
Vice President
Republican Party
Republican Party
$500Republican Party
Will BrownInvestor
Will Brown
Republican Party
Republican Party
$500Republican Party
Show More

First Reserve Financial Performance

Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.


$100M - $1B

Founded in


Organization type


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First Reserve Competitors

Based on our research, similar companies to First Reserve are JLL Partners, Investcorp International, and General Atlantic. The average salaries at JLL Partners rank the highest, with their employees earning an average salary of $95,188 per year. Employees at Investcorp International earn an average of $94,146 per year, and the employees at General Atlantic earn an average salary of $88,367 per year.
Average Salarydesc
JLL Partners
Salary Range62k - 145k$95k$95,188
Investcorp International
Salary Range68k - 129k$94k$94,146
General Atlantic
Salary Range63k - 123k$88k$88,367
Salary Range65k - 118k$88k$87,852
H.I.G. Capital
Salary Range48k - 102k$70k$70,473
MacAndrews & Forbes
Salary Range48k - 90k$67k$66,618

Control Equity Group

Salary Range46k - 83k$62k$62,055

Argent Financial Group

Salary Range37k - 92k$59k$58,638
Brookfield Financial Properties L.P.
Salary Range35k - 91k$57k$56,705

Thomas H. Lee Partners

Salary Range34k - 92k$57k$56,651

Frequently Asked Questions about First Reserve

When was First Reserve founded?

First Reserve was founded in 1984.

How many Employees does First Reserve have?

First Reserve has 155 employees.

How much money does First Reserve make?

First Reserve generates $139.4M in revenue.

What industry is First Reserve in?

First Reserve is in the private equity industry.

What type of company is First Reserve?

First Reserve is a private company.

Who are First Reserve's competitors?

First Reserve competitors include General Atlantic, Interfinancial, Castle Harlan, H.I.G. Capital, PRESTIGE INVESTMENT GROUP, Advanced Technology Ventures, JLL Partners, Brookfield Financial Properties L.P., VINTAGE CAPITAL NO3, Scott Price & Co, Argent Financial Group, Thomas H. Lee Partners, SUNSET ENTERPRISES, GREENE PROPERTIES, Eastern Corporate Federal Credit Union, Control Equity Group, MacAndrews & Forbes, Investcorp International, Oak Investment Partners, INVESTORS RESOURCES GROUP.

Who works at First Reserve?

William MacAulay (founder)

Where is First Reserve's headquarters?

First Reserve's headquarters is in Greenwich, CT.

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Updated December 31, 2020

Zippia gives an in-depth look into the details of First Reserve, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Reserve. The employee data is based on information from people who have self-reported their past or current employments at First Reserve. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of First Reserve and its employees or that of Zippia.

First Reserve may also be known as or be related to FIRST RESERVE XII ADVISORS LLC, First Reserve, First Reserve Corporation, First Reserve Xii Advisors LLC and First Reserve Xii Advisors, L.L.C.