Rentals and Sales — Energy Capital Partners (“ECP”), a stockholder in the Company, and their affiliates have ownership interests in a broad range of companies. The Company has entered into commercial transactions with subsidiaries of PLH Group, Inc., a company partially owned by an affiliate of ECP.

The Company rents and sells equipment and provides services to R&M Equipment Rental, a business partially owned by members of the Company’s management. The Company also rents equipment and purchases inventory, from R&M Equipment Rental. During the year ended December 31, 2021, the Company purchased approximately $19.4 million in rental equipment from R&M Equipment Rental.

The PIPE Investors, as described in Note 3: Business Combination, included certain members of management and directors of the Company, which persons purchased approximately 1.4 million shares of the Company’s common stock at a price of $5.00 per share.

Facilities Leases and Other — The Company leases certain facilities, as well as purchases aircraft charter services, from entities owned by members of the Company’s management and their immediate families. Payments to the related parties for these transactions are immaterial. Rent and air travel expenses are recorded in selling, general, and administrative expenses.

Management Fees — The Company entered into the Corporate Advisory Services Agreement with Platinum effective as of the Closing Date, under which management fees are payable to Platinum quarterly.

A summary of the transactions with the foregoing related parties included in the Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows:


	Year Ended December 31,
(in $000s)		2021		2020		2019
Total revenues from transactions with related parties		$	23,251	$	9,181	$	11,500
Expenses incurred from transactions with related parties included in cost of revenue		$	1,687	$	—	$	—
Expenses incurred from transactions with related parties included in operating expenses		$	4,283	$	—	$	—

Amounts receivable from/payable to related parties included in the Consolidated Balance Sheets are as follows:


(in $000s)	December 31, 2021		December 31, 2020
Accounts receivable from related parties	$	5,145	$	3,506
Accounts payable to related parties	$	26	$	—